Individualism is a
moral, political or social outlook that stresses human independence and the importance of
individual self-reliance and liberty. It opposes
most external interference with an individual's choices, whether by
society, the state or any other group or institution (collectivism or statism),
and it also opposed to the view that tradition, religion or any
other form of external moral standard should be used to limit an
individual's choice of actions. In
economics, it is the doctrine that individuals best serve the public
interest by pursuing their own self- interest. For example, the businessman who expands his company to increase his profits also
creates jobs for many people and thereby serves the public interest.
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