GED Social Studies definition of key words 2023

GED Social Studies definition of ke y words 2023 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 basi c economic systems - Capitalism, Socialism, Communism Recession - Period of low productivity and income Depression - Severe recession Inflation - Increase in prices