Chapter 2 Flashcards

1
Q

What are the principles of Individualism?

A
  1. Private Property
  2. Rule of Law
  3. Individual Rights & Freedoms
  4. Competition
  5. Economic Freedom
  6. Self-Interests
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2
Q

What are the principles of collectivism?

A
  1. Public Property
  2. Collective Responsibility
  3. Collective Interest
  4. Collective Norms
  5. Cooperation
  6. Economic Equality
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