One person rule Where the rulership is hereditary, the government in question is a "monarchy"; where nonhereditary, a "dictatorship " Contrast: democracy Bourgeois (or Bourgeoisie): In its original designation the term referred to the medieval "middle class" of shopkeepers and artisans In Communist theory it refers to the capitalist class of owners of the means and forces of production which, as Marx recounts, is historically descended from this medieval middle class Contrast: proletarian See: communism Capitalism: Form of economic organization based on the private ownership of the means and forces of production in an industrial economy The historical successor of feudalism (a system of private ownership of the means and forces of agricultural production) and, according to Karl Marx, destined to be succeeded by communism (a system of public ownership of the forces and means of industrial production)
An autocracy is a country or organization that is ruled by one person who has complete power. She ceded all power to her son-in-law who now runs the country as an autocracy