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Command Economy: Definition, How It Works, and Characteristics, Economic Value: Definition, Examples, Ways To Estimate, Keynesian Economics Theory: Definition and How It's Used, Economic Indicator: Definition and How to Interpret, Gross Domestic Product (GDP): Formula and How to Use It. An economy is a system of production and consumption activities that determines how resources are allocated among all of its participants. Which body retains primary jurisdiction over local governments? Study with Quizlet and memorize flashcards containing terms like A political system that separates the law-making and law-enforcing branches is called what?, Which of the following statements best describes a federal system of government?, Which forms of government are best associated with the United States? It was supplemented by a survey conducted March 7-14 among 1,466 adults on landlines and cellphones. Which decade saw a marked decline in American attitudes toward government? The U.S. government keeps partial control over the economy with regulatory restrictions, such as licensing or banning certain activities. 4 How do you measure political instability? The characteristics that qualify these variously composed and historically differing entities as nation-states and distinguish them from other forms of social and political organization amount in sum to the independent power to compel obedience from the populations within their territories. During the constitutional deliberations, Alexander Hamilton, John Jay, and James Madison, to sway public opinion, wrote 85 essays known as which of the following? Outsider Left. Probably the best way to begin to understand racial and ethnic inequality in the United States is to read first-hand accounts by such great writers of color as Maya Angelou, Toni Morrison, Piri Thomas, Richard Wright, and Malcolm X, all of whom wrote moving, autobiographical accounts of the bigotry and discrimination they faced while growing up. The United States Postal Service also generates revenue from its business activities, although this is typically less than its expenses. The Constitution of the United States divides the federal government into three branches: legislative, executive, and judicial.