#commerce/y10/lspi
Communism §
- No private ownership - everything is owned by the government. This theory is developed by Karl Marx and Friedrich Engels.
Socialism §
- The community owns all the main economic resources. Social welfare and equality of income is a prior majority
Monarchy §
- King or Queen has total power.
Fascism §
- Strong centralised power where opposition or criticisms are not allowed. The party aggressively controls all the affairs. (eg. Hitler)
Anarchy §
- Government systems break down, and there are no laws.
Autocracy §
- Opposite of democracy. One person or group dictates all the power in oppressive manner.
Democracy §
- Democracy is all people have equal rights and privileges. Citizens have the voting power to change the government during elections. Australia follows this.