Economy, asked by bhumika2008bisht, 2 months ago

*Define the following terms-*

1. Democracy
2. Capitalism
3. Socialism
4. Monarchy
5. Dictatorship
6. Autocracy
7. Oligarchy
8. Globalization
9. Liberty
10. Sovereign
11. Secular
12. Resources
13. Primary Sector
14. Secondary Sector
15. Tertiary Sector
16. Conservatives
17. Radicals
18. Gross Domestic Product
19. Human Resource
20. Capital​

Answers

Answered by aartirakesh13
7

Answer:

1/a system in which the government of a country is elected by the people

the economic system in which businesses are owned and run for profit by individuals and not by the state

Answered by ItzMrVinay
5

Aɳรωε૨

Democracy:

                         Democracy is a  system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Capitalism:

                   an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state

Socialism:

                   a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Monarchy:

                  A monarchy is a form of government in which a person, the monarch, is head of state for life or until abdication

Dictatorship:

                      A dictatorship is a form of government characterized by a single leader or group of leaders and little or no toleration for political pluralism or independent media.

Autocracy:

                    Autocracy is a system of government in which supreme power over a state is concentrated in the hands of one person

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