POLITICAL AND ECONOMIC SYSTEMS

Description

Describes the types of political and economics systems throughout the world.
Johana Llinas
Mind Map by Johana Llinas, updated more than 1 year ago
Johana Llinas
Created by Johana Llinas almost 9 years ago
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Resource summary

POLITICAL AND ECONOMIC SYSTEMS
  1. POLITICAL SYSTEMS
    1. Democracies
      1. Freedom of speech, the press, and religion
        1. Varied personal backgrounds of political leaders
          1. Free, competitive elections
          2. Authoritarian Regimes
            1. One ruler or a small group of leaders have the real power in authoritarian political systems
              1. Citizens do not have any voice in how they are ruled
            2. ECONOMICS SYSTEMS
              1. Capitalism
                1. Capitalism is based on private ownership of the means of production and on individual economic freedom
                  1. Supply and demand
                    1. Free competition
                2. Socialism
                  1. Calls for putting the major means of production in the hands of the people, either directly or through the government
                    1. Their main goal is to narrow, the gap between the rich and the poor
                  2. Communism
                    1. No private ownership of property should be allowed
                      1. The government should exercise the control in the name of the people
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