Chapter 4, Section 3

1. Autocracy is a form of national government in which a single person has all the power and authority, which is usually given to them by inheritance or ruthless use of police or military power. An oligarchy is a system of government in which a small group holds power which is common in communist countries. In a democracy, leaders rule the country with the consent of the citizens of that nation.

2.Two major economic systems in the world today are the traditional economy and the market economy.

Creative Writing: Because I live in a democratic society, my life is not completely controlled as it would be in communist societies, who would decide for me who should rule the country, what my yearly salary should be, etc. With this democratic society, it is also much harder for corruption to occur in the political officials because there are so many as opposed to oligarchies. However, in this society, political decisions are made slower and are often driven from their actual point because they are checked by too many people with different people with different opinions. People who serve in a market economy have the advantage of producing and selling whatever they want with almost no interference from the government, and thus can set prices to what they want to and make a more profitable business. They also have the ability to over- or under-charge products and either destroy other businesses or their businesses, making a poor national economy.