Principle in liberal democracies that states that every individual is equal before the law.

A set of issues/concerns/ideas that members of a group have in common.

Socialist; wanted a classless society where the people owned the Means of Production.

Combines aspects of economic control with political freedom; Barack Obama.

Promotes retaining traditional social institutions in the context of culture; typically more hesitant to change.

Refers to real estate that you own, physical and intellectual possessions.

Placing of resources is determined by a centralized plan of production.

Believed in the idea of a market where gov’t involvement was little and people have freedom of choice.

Politically controlling and economically controlling; former USSR or North Korea.

Typically sit in the middle of the road; a balance between control and freedom.

Economically going against another in order to prosper; can result in lower prices.

The means through which members of a group or a collective achieve their common goals by working together.

Thought people would kill each other if left alone; they needed a strong leader to guide them.

A set of conscious and/or unconscious ideas which constitute one's goals, expectations, and actions.

Advocates stateless societies often defined as self-governed voluntary institutions.

Little gov’t intervention; governed by supply and demand.

Sharing wealth, means of production, identical pay.

Felt that the people in charge were contracted to the governed and could be replaced at any time.

A tax that takes a larger percentage from the income of high-income earners than it does from low-income individuals.

Radical and authoritarian; rooted in the right, it sees itself as economically eased with extreme political control.

Acting in such a way that benefits the individual only.

Owned and operated by the government to gain capital; crown corporations.

Social Contract; people surrender some rights to leader and leader commits to protecting these rights.

Maximum political and economic freedom.

Cooperative management of the economy and production is planned.