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Individualism and collectivism (Collectivism (Economic equality (is…
Individualism and collectivism
Individualism
Private property
is
Land and property individually owned by a person and not the government or crown corporations
Economic freedom
is
Buy or sell whatever you want
Consumers have a choice to buy sell or
trade without government interference
Individual rights and freedoms
are
Key principle of individualism
can have
negative outcomes/circumstances
like
Freedom
Religion
Security
Right to vote
This wasn't legal for everyone
Rule of law
is
An individual is equal before the law
means
People are controlled by rules rather than an authoritive person
everyone is treated fairly no matter their status
Competition/Self Interest
when
People encourage competition
and act in their own self interest
works to benefit a buyer and a sellers self interest
Collectivism
Economic equality
is
People with more money pay more taxes
means
People with equal value in work should be paid equally
Doesn't matter on
Gender
Ethnics
Religion
Race
Collective interest
is
interests groups have in common
Adherence to collective norms
is
standards or rules that a group abides by
because
these standards help people relate to one another
Group members often see these rules as binding
standards are viewed as a responsibility
Collective responsibility
means
The whole group is responsible for something an individual did within the group
states that
There is no individual action that the group is not accountable for
Public property
is
Anything not owned by an individual
Co-operation
is crucial
to people in groups because it benefits the whole
like
daycares
credit unions
health centres
means
you share common interests