By: Samantha Robertson
A ruling family headed by a king or queen holds political power and may or may not share the power with citizen bodies. Absolute monarchy is a form of government in which the monarch had absolute power among his or her people. Constitutional monarchy is a form of government in which a king or queen acts as head of state.
Decisions for Monarchy
In an absolute monarchy the king/queen makes all the decisions. In a constitutional monarchy the people have a say in what goes but the king/queen has the final say.
Examples for Monarchy
Absolute Monarch- Saudi Arabia
Constitutional Monarch- United Kingdom
production of goods and services is determined by the demand from consumers. also called a demand economy or capitalism.
Decisions for Market Economy
the Market Economy has the people or business controlling the economy.
Example for Market Economy
The United States has a market economy
Saudi Arabia has a absolute monarchy
Queen Elizabeth the second
the queen of the United Kingdom
it is a supply and demand economy