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- The ability of individuals to act freely as consumers and producers within an economic system.
- Downfall: If Apple decided to stop producing the IPhone the price for them would go way up as they would be in large demand.
- Material possessions including land, that are owned by an individual or group. The rights to private property and its protection are central values of liberalism.
- Downfall: An oil company may find a great spot to drill, but it could be located on private land, and the owner won't give the company permission to drill.
- Anything not privately owned by individuals. Is most often owned by the state or the community, and managed to the best interests of the community.
-Downfall: A community may value hockey more than another sport, thus investing more money in hockey, and leaving other sport areas underfunded.
- One's personal interest or advantage; seeking to satisfy one's own needs.
- Downfall: A man becomes caught up in feeding himself and taking care of his own well being that he forget's about his family and they suffer.
- Faithful observance of the norms or standards imposed on members of a group as a condition of membership in the group. These norms can relate to conduct, values, or appearance.
Downfall: Derek Jeter enjoyed having a beard, but being apart of the New York Yankees organization meant that he was not allowed to have one.
- 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.
- Downfall: Everyone is equal before the law, but if you have a friend with power through the law, you are no longer equal to others.
- The set of goals or ideals that members of a group pursue together and that will benefit the group as a whole, rather than benefiting any one individual in the group.
- Downfall: When the Boston Red Sox traded Babe Ruth to the New York Yankees for $100,000.00. It was meant to make the Red Sox rich, but in the end left them with the curse of the Great Bambino hampering the goals of the entire organization for decades.
- People working together to accomplish common goals.
-Downfall: A teacher requires students to work together and complete a project by a specified date. Some people of the group do not contribute effort to the group leaving one person to complete the work for multiple people by his/herself in order to get a good mark.
- The struggle among two or more people or groups for an economic, social, or political advantage. Supporters of a free-market economy see competition as an incentive for individuals and groups to work harder and more efficiently.
- Downfall: Stephen Harper will campaign against Justin Trudeau to try and make himself look better in comparison by showing the bad side of Trudeau.
- A principle common to collectivist ideologies, which can have different meanings depending on the person or the ideology. Governments can try to foster economic equality through tax policies and by ensuring that all people earn equal wages for work of similar value.
-Downfall: Someone working hard to earn a large amount of money will be taxed more than a person who may not be working as hard, and making less money.
- Holding a whole group or collective responsible for the actions of individuals (or individual groups) within the group or collective.
- Downfall: A General is held responsible for his military if they make a mistake.
- The rights associated with personal liberty, such as freedom of religion 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 democracies.
Downfall: Rights and freedoms restrict the government from using capital punishment.