QUESTION IMAGE
Question
complete the table below by matching the description to the correct system:
| political system (democracy or oligarchy) | economic system (market or command) | |
|---|---|---|
| the production of goods is mostly decided by supply and demand. |
Brief Explanations
To complete the table, we analyze each description:
- For the political system "Decisions are made by a small, non - elected group", this matches the definition of an Oligarchy. And for the economic system, when "The production of goods is mostly decided by supply and demand", this is the characteristic of a Market economic system.
- Let's match each row:
- The row with "Decisions are made by a small, non - elected group" (political system) should be matched with Oligarchy (political) and Command? No, wait. Wait, the political system options are Democracy or Oligarchy. The economic system options are Market or Command.
- A Command economic system has central planning, while a Market economic system is driven by supply and demand. An Oligarchy is a political system where a small group (non - elected) makes decisions. A Democracy has elected representatives.
- So, for the political system: "Decisions are made by a small, non - elected group" → Oligarchy.
- For the economic system: "The production of goods is mostly decided by supply and demand" → Market.
- Now, let's fill the table cells:
- The cell under "Political System (Democracy or Oligarchy)" and next to "Decisions are made by a small, non - elected group" should be Oligarchy.
- The cell under "Economic System (Market or Command)" and next to "The production of goods is mostly decided by supply and demand" should be Market. Also, the cell under "Economic System" and next to "Decisions are made by a small, non - elected group" (political) should be Command (since in a command economy, a central authority (which can be a small group in an oligarchic political system) makes economic decisions). And the cell under "Political System" and next to "The production of goods is mostly decided by supply and demand" should be Democracy (in a democratic political system, the market economy which is driven by supply and demand is more common as people have more economic freedom).
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| Political System (Democracy or Oligarchy) | Decisions are made by a small, non - elected group | Democracy |
|---|
Wait, let's re - do the matching properly:
- Political System - "Decisions are made by a small, non - elected group": This is Oligarchy.
- Economic System - "Decisions are made by a small, non - elected group" (political) implies a Command economic system (since the same small group would control the economy).
- Political System - "The production of goods is mostly decided by supply and demand" (economic) implies a Democratic political system (as market economies are more associated with democratic political systems where there is more economic freedom).
- Economic System - "The production of goods is mostly decided by supply and demand": This is Market.
So the completed table cells (from left to right, top to bottom for the empty cells):
- First empty cell (under Political System, next to "Decisions are made by a small, non - elected group"): Oligarchy
- Second empty cell (under Economic System, next to "Decisions are made by a small, non - elected group"): Command
- Third empty cell (under Political System, next to "The production of goods is mostly decided by supply and demand"): Democracy
- Fourth empty cell (under Economic System, next to "The production of goods is mostly decided by supply and demand"): Market