directives that specify how resources will be distributed
Socialist economy
economic system in which the state determines production, distribution, and price decisions, and property is government owned.
Capitalist economy
economic system in which the market determines production, distribution, and price decisions, and property is privately owned.
Laissez-faire capitalism
economic system in which the market makes all the decisions, and the government plays no role.
Democratic socialism
mixed economy that combines socialist ideals with a commitment to democracy and market capitalism, keeping socialism as its goal.
Authoritarian governments
systems in which the state holds all power over social order.
Divine right of kings
principle that rulers receive their authority from God.
Classical liberalism
political ideology dating from the 17th century emphasizing individual rights over the power of the state.
Economic conservatives
those who favor a strictly procedural government role in the economy and the social order.
Social conservatives
those who endorse limited government control of the economy but considerable government intervention to realize a traditional social order.
Social liberals
those who favor greater control of the economy and the social order to bring about greater equality and to regulate the effects of progress.
Necessary and proper clause
constitutional authorization for congress to make any law required to carry out its powers.