Economic Systems
- Market Economy: Resources allocated by supply and demand (e.g., USA).
- Planned Economy: Government controls production and distribution (e.g., North Korea).
- Mixed Economy: Combines market freedom and government regulation (e.g., China).
Political Systems
- Democracy: Power held by elected representatives (e.g., Canada).
- Authoritarianism: Centralized power with limited public freedoms (e.g., China).
- Monarchy: Power held by a monarch, either symbolic or absolute (e.g., UK, Saudi Arabia).