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Social 30-2 Unit 2

Unit 2 Individualism, Collectivism, and the Common Good Terms

TermDefinition
absolute monarchy a king or queen who has unlimited power (autocratic power) over a territory and its people (subjects)
centre the middle ground on the spectrum of individualism and collectivism
collective will the wants or wishes of a group of people
collective interest those goals that will benefit the group rather than any one individual
collective responsibility the concept that individuals have a duty to the group and that this responsibility is greater than their individual responsibility
common good that which is beneficial for everyone in a society
competition the contest or rivalry among individuals or groups to gain some political, economic, or social advantage
co-operative a group of people working together to achieve common goals
crown corporation in Canada, a company owned by either the federal or provincial governments to serve the common good
economic values the importance placed on money and possessions
left wing a position on the left of the spectrum of collectivism and individualism; associated with the values of collectivism
liberal democracy form of government based on individualism and liberalism
liberalism an ideology based on the freedom of the individual and the values of individualism
market economy an economic system in which individuals make economic decisions based on self-interest without government intervention
pluralism the preservation of the diversity of various cultural and ethnic groups inside one country; the belief that all groups have the right to exist beside one another
political values the importance government places on issues such as taking care of the people, taking care of the environment, and treating people equally
private property the ownership of things, including land and resources, by individuals
privatization the transfer of ownership of resources from public or government ownership to private or individual ownership
public property the ownership of things, including land and resources, by the government
right wing a position on the right of the spectrum of individualism and collectivism; associated with the values of individualism
rule of law the concept that everyone is equal before the same laws and that the law is greater than the individual
self-interest individuals acting in accordance with satisfying one's own needs and/or wants
self-reliance individualist value of relying on one's self for making decisions and to obtain the necessities of life without help from the group
social values the importance placed on concern for others and how we treat others
social contract the ideological concept that individuals give up their own self-interest for the common good by following the collective will of society; a government does not have authority by force alone but must have the written consent of the people
socialism an ideology based on the belief that collectivist values should form the basis for the political, economic, and social aspects of society
free-market economy an economic system in which individuals make economic decisions based on self-interest without government intervention
free-enterprise economy an economic system in which individuals make economic decisions based on self-interest without government intervention
capitalism an economic system in which individuals make economic decisions based on self-interest without government intervention
Created by: KM-ADLC
 

 



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