Politics and Economics

Activies regarding governance of institution, people and the relationship between them. Most oftent used to describe a goverment of an country, state or community.

Economics is the use and distribution of recourses among institution and people.

Politics and Economics are deeply interdepended and interacting.

Types of Political Systems

There are various types of Political system, each one with its own benifits and downsides. Different system are fit to slove different issues. These systems are not mutually exclusive

Forms of goverment by powersource

Term	Defination	Benifits	Cons	Theoratically Ideal Situation
Democracy	Also known as "rule of the majority" or "the rule of the people": Is a form of goverment where citizens under the goverment has the power to directly for policies (known as direct democracy) or vote for representatives from among themselves (know as representatives democracy)	People have the choice collectively to decide whats best for them. Distribute power to the citizen preventing a tryannical autocracy	It might reasult in mob mentality. Minorites don't have enough power to voice their needs and concers It might be too slow to respond to situation requring swift action Goverment rarly have the incentive or time to implement long term polices due to election cycles	In large populations with all of the people being educated Ethnically and racially diverse population
Oligarchy	Also known as "rule of few": Is a form of goverment where power lies withen a few people. These people may be hold these power because of existing ties with nobility, military, welath, education, religion and family ties.	Swift decition making Usually less beauracy Power is more distributed then dictatorship or monarchy	Due to power being in the hands of the few ordinary citizens may get neglected There may be groupe infighting	Median to large population
Autocracy	A system of governence where all of the political power is concentrated by one person or a groupe of people. Decision made under autocracy are not subject to external legal challanges. Absoulte monarchy and dictatorships falls under the banner of autocracy.	Usually fast at responding to emergency crisis Goverment has more time to implement long term polices without worrying about pleaseing the public of election too much Autocracies oftent cut alot of red tapes increasing efficency	It's very easy for an autocracy to become a tranny Not listenting to citizens may cuase civil unrest or coup d'état Autocracies oftent ignore the needs of the common people	Small to medium population
Dictatorship	A dictatorship is an autocratic system where a singel person or a groupe of person holds power without any checks on their power	Similar advantage as autocracy and monarcy	Similar cons as autocracy and monarchy	Same as autocracy
Monarchy	There are two major types of monarchy, Absoulte monarchy which is a part of Autocracy: where the sovern faces no restriction on their power via any form of legal mechanisim such as constitutions, legislatures, or any other checks and balances on their power. And the other form of monarchy is Constitutional monarchy where the monarchs power is limited via a formal constitution or a democratic parlament. There is various other types of monarchy. Tipically in monarchy the crown is inherted by the childs of the pervious monarch	Have the same beniftis are autocracy Alot of monarchy are partial technocracy taking advantage of various points of views	Have many of the same issues with autocracy Due to the crown being inherted by familal ties, it may pass down to someone incompetent Monarchies oftent have familial infighting and assassinations	Same as autocracy
Anarchy	Anarchy is the lack of any goverment. In its ideal form it relies people making good decitions without any central authority figure, but in its worse it's a lawless distopia.