Wednesday, September 24, 2008

Blog One: Definitions

Collectivism is all about outlooks that strongly stress human or self interdependence. The term is used highly involving groups rather than individuals. It focuses on community and society along with group goals and is always compared to holism.

Individualism-Individualism involves self-reliance with promoting exercise of a person's goals and desires. It definitely goes against collectivism and has a relationship with egoism.

Socialism-Socialism is the economic theories of social society advocating state or collective ownership and administration of the means of production and distribution of goods.

Communism-Communism is based on common ownership and property with ideas of free society with no government, countries, and class division.

Capitalism-Capitalism deals with the system in which production of goods are owned by private owners and distributed through free market.