Professional Documents
Culture Documents
Chap 2
Chap 2
Chap 2
Geography
E
conomy
Chapter 2
International business (IB)
Socialism
- advocate the state ownership of the basic means
of production, distribution, and exchange
- benefit society as a whole, rather than individual
capitalists
Karl Marx (1818-1883)
- Communism and social democrats
Individualism
an individual should have freedom in his own economic
and political pursuits
Aristotle - “individual diversity and private ownership are desirable”
(384-322 BC)
- democratic political systems free market economies
OCR
- Pure democracy is based on the belief that citizens
should be directly involved in decision making.
- Most modern democratic states practice
ACY
representative democracy where citizens periodically
elect individuals to represent them
Totalitarianism is a form of government in which one person or political party
exercises absolute control over all spheres of human life and prohibits opposing political parties
Totalitarianism