Words and their Meaning in English Part - 12

S.NoWordMeaning in English
1CapitalismAn economic system based on private ownership of capital
2SocialismA political theory advocating state ownership of industry and means of production
3MonarchyA system governed by a monarch/king who usually inherits authority
4DespotismRule through threat of punishment and violence
5Totalitarian RegimeComplete monarchy / total control system
6GyneocracyRule by a woman
7KakistocracyRule by worst or least qualified people
8NeocracyRule by inexperienced people
9TheocracyGovernment ruled by a religious leader
10AnarchyAbsence of government; lawlessness
11DiarchyGovernment by two rulers
12LiberalismPolitical ideology supporting reform and social progress
13FederalismSystem of self-governing units under a central authority
14FascismAuthoritarian, hierarchical government system
15AristocracyRule by privileged class with hereditary titles
16AutocracyRule by a single individual
17BureaucracyRule by government officials
18GerontocracyRule by old people
19OligarchyRule by a small group of people
20PlutocracyRule by wealthy people
21PolyarchyRule by many people
22MeritocracyRule by people based on merit/intelligence


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