1. Politics & Economics

2. Political Systems Levels of GovernmentTypes of Government Unitary systems – power is held at the country level Federal systems – power is shared by different levels of government (US system) Autocracy – power is held by one person Dictator, Monarch Oligarchy – power is held by a small group Democracy – power is held by people who are voted into office Republics, Constitutional Monarchies

3. Economic Systems Types of SystemsResources Traditional Economy – Habit and custom Market Economy – Individuals and corp. decide what to make Command Economy – Gov’t controls the economy Renewable Wind, water, forests Nonrenewable Fossil fuels, minerals

4. Development Economic DevelopmentLevels of development Primary – take natural resources from the earth Secondary – turn resources into goods Tertiary – provide services instead of goods Quarternary – based on information services Countries that depend on primary activities are less developed Countries that depend on industry, services and information are more developed

5. Trade & Resources TradeNegatives of Industry Countries use their advantages like having resources or low paid workers to trade for things they don’t have Free trade v. trade barriers Water pollution – spills and dumping Land pollution – toxic chemical or nuclear waste in top soil Air pollution – causes acid rain, smog and contributes to greenhouse effect

6. Homework Assignment Bring in a news article about economics. Identify the type of economy. Identify the places of the world impacted by this article. If you cut it out from the paper, staple another piece of paper with the answers If you print it out from the internet, only print the first page of the article and answer the questions on the back of the paper