Chapter 2 Flashcards
1
Q
What are the principles of Individualism?
A
- Private Property
- Rule of Law
- Individual Rights & Freedoms
- Competition
- Economic Freedom
- Self-Interests
2
Q
What are the principles of collectivism?
A
- Public Property
- Collective Responsibility
- Collective Interest
- Collective Norms
- Cooperation
- Economic Equality