Economics

and
Politics

Monarchy

A political system in which a single family rules from

generation to generation.
Absolute monarchs claimed a monopoly of power
based on divine right.
Practiced in places like Saudi Arabia and Oman.
Constitutional monarchs: Royal families are merely
symbols of state; actual governing goes to elected
officials, led by a prime minister and guided by the
constitution. (Hello Malaysia.)

Oligarchy
is a form of power structure in which power effectively rests with a small
number of people.
These people could be distinguished by royalty, wealth, family ties,
education, corporate, religious or military control.
Ex: Russian Federation: Money
Ex: United States: Again Ka-Ching!
A well-known fictional oligarchy is represented by
the Inner Party in George Orwell's novel
Nineteen Eighty-Four.

Totalitarianism
A highly centralized political system that extensively
regulates peoples lives.
Ex: North Korea keeps its people in poverty and uses
both police and suveilence equipment to monitor its
people. (communist)
Ex: Nazi Germany (Fascist)
Claim to represent its people, they simply want you to
respect my authoritah.
Government is the sole total concentration of power.
(No Korean DAP)
Creates an atmosphere of isolation and fear.

Democracy
A political system that gives power to the people as a whole.
Industrialization causes traditional monarchy to transition into
rational-legal authority.

Representative
Democracy

Puts authority in the hands of

leaders chosen by the people in
However,
electionshigh income states like the US
arent necessarily democratic because of :
Bureaucracy
Economic inequality

By royal decree, I bless you al

Thank you for listening.