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Side ASide B
Market determines production, distribution, and price decisions.
Has governmental procedural guarantees, whereas laissez-faire capitalism doesn't.
The state determines production, distribution, and price decisions; property is government owned.
A hybrid of socialism and capitalism.
Power vested in a king or queen (Saudi Arabia)
Government claims to draw its power from divine or religious authority. (Iran)
State holds all power
Policy is made for the ultimate glory of the state. (Nazi Germany)
Rule by a small group of elites
A system in which absolute control is exercised over every aspect of life (North Korea)
The state does not hold all power
Government that vests power in the people; based on popular sovereignty
The concept that the citizens are the ultimate source of political power
limits the citizens’ role to choosing among competing leaders
citizen membership in groups is the key to political power
citizens should actively and directly control all aspects of their lives