The Largest Wave of Democracy Began in the Mid-1970s with the Downfall

question 50

True/False

The largest wave of democracy began in the mid-1970s with the downfall of military dictatorships in Portugal and Greece.

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Definitions:

Command System

An economic system where government decisions determine resource allocation and production choices.

Planning Board

A governing body or committee responsible for setting policies, goals, and procedures related to urban planning, development, and infrastructure projects.

Private Ownership

The legal rights of individuals or corporations to own property and assets, excluding governmental entities.

Economic Growth

(1) An outward shift in the production possibilities curve that results from an increase in resource supplies or quality or an improvement in technology; (2) an increase of real output (gross domestic product) or real output per capita.