Download Chapter 2 Study Guide: Part 2 Word Definition Write the word in a

Chapter 2 Study Guide: Part 2
Word
Definition
citizen
a person who lives within the territory of
a government and is granted certain
rights and responsibilities
government
an organization that keeps order, sets
rules, and provides services for a society
democracy
a government where citizens elect
representatives to govern them
monarchy
government ruled by a king or queen;
rulers inherit or are born into office
dictatorship
one person rules all aspects of life;
citizens have few or no rights
oligarchy
communism
economy
a group of a few people that rule society
a type of command economy in which the
government controls all property;
citizens have few or no rights
a system in which people produce,
sell, and buy things
Write the word in a sentence. The sentence
should identify the meaning of the term.
a country's wealth
capital
needs
goods and services that are necessary
for survival
wants
goods and services that are NOT
essential for survival
privately owned businesses create
free enterprise
economy
goods and services that people can
buy
command
an economy directed and controlled
economy
by the government
mixed economy
an economic system that includes
privately owned businesses and
government-owned businesses;
government also provides economic
"rules"
gross domestic
product
the total value or goods and services
that a country produces