Chapter 2 (Exploring Individualism)

Front 1

competition

Back 1

the struggle among 2 or more people or groups for an economic, social, or political advantage. supporters of a free-market economy see competition as an encentive for individuals and groups to work harder and more efficiently.

Front 2

democracy

Back 2

a political system in which the people have the power to make or influence government decisions directly or indirectly through such processes as free elections.

Front 3

economic freedom

Back 3

the ability of individuals to act freely as consumers and producers within an economic system.

Front 4

individual rights and freedoms

Back 4

the rights associated with personal liberty, such as freedom of religional and of association, and the right to life, liberty, and the security of the person; a key value of individualism and an important feature of liberal democracy.

Front 5

individualism

Back 5

an ideology that values the rights and freedoms of the individual,often above the security and harmony of the whole group.

Front 6

liberalism

Back 6

an ideology based on the importance of individual liberty and the values of individualism (including individual rights and freedoms, self-interest, competition, economic freedom, rule of law, and private property).

Front 7

private property

Back 7

material possessions, including land, that are owned by an individual or group. the rights to private property and it's protection are central values of liberalism.

Front 8

rule of law

Back 8

the idea that the law itself, and not an individual, has the greatest power and that all individuals are equal before the law and subject to the same law.

Front 9

self-interest

Back 9

one's personal interest or advantage; seeking to satisfy one's own needs.

Front 10

social contract

Back 10

an understanding (written or non-written) whereby each individual of a society agrees to be governed so that he or she may gain the benefits of living in that society.