janurary 20 2012

today we started our presentations. economic systems were first, capitalism- system where people control the businesses and prices and distribution are determined by competition in the market. socialism- the government owns businesses and regulates the distribution and prices of goods. socialism is used by china, cuba and vietnam. Then me and my group did our presentation and i think we did an awesome job. next we did the monarchy group, monarchy is supreme power by a single person, absolute monarchy is the government determined solely by the ruler. absolute contries- oman, saudi arabia, and swazliand. king abdullah had harsher sentences, tightened press laws, was in star trek, educated in us and uk, king since 1999 and married into power. constitutional monarchy is governed according to a constition that says what the ruler can and cant do.
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