GED Social Studies Study Guide

Monarchy -->One person from a royal family is ruler Dictatorship -->Absolute power of one leader Oligarchy -->Governed by a smart upper class group Representative democracy -->people elect officials to represent their views Central Government -->Also known as Federal Government Legislative branch -->Branch of the federal government that makes laws Executive branch -->Branch of the federal government that carries out laws Judicial branch -->Branch of the federal government that interprets laws Checks and balances -->A system that regulates the power of the federal government branches Veto -->refuse; not accept Republicans and Democrats -->two main political parties in US Immigrants -->People moving to another country Three basic economic systems -->Capitalism, Socialism, Communism Recession -->Period of low productivity and income