Thursday, January 30, 2014

Individualism (Vlad and Patrick)

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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