Today we reveiwed the European map and learned the islands. Then we presented our Political/Economic Systems Project. Economic; Socialism-The government owns businesses and regulates the distribution and prices of goods. Capitalism-System where people control the businesses and prices and distribution are determined by competition in the market. Political; Direct Democracy-Everyone who is old enough has the right to attend meetings involving voting or anything political. Representative Democracy-Giving the people the power to chosse who they want to represent their country. Absolute Monarchy-Government determined solely by the ruler. Constitutional Monarchy-Governed according to a constitution thant says what the ruler can and can't do.
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