ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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democracy
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monarchy
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federal
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unitary
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Detailed explanation-1: -Federalism is a system of government in which the power is divided between a central authority and various constituent units of the country.
Detailed explanation-2: -Many powers belonging to the federal government are shared by state government. Such power are called concurrent powers. These include the power to tax, spend and borrow money.
Detailed explanation-3: -In a federal form of government the powers are divided between the national government and the regional governments by the Constitution itself.
Detailed explanation-4: -Answer: A ferderal type of constitution gives definite powers to both central and state governments.
Detailed explanation-5: -The relationship and authority of states and the federal government are governed by the U.S. Constitution. The federal government is delegated certain enumerated powers while all other powers not otherwise prohibited by the Constitution are reserved to the states.