Blog One: Definitions

Collectivism- Collectivism describes the importance of a group's goals over the importance of individuals' goals. It identifies people as a group instead of individuals.

Individualism- Individualism is a theory that supports the freedoms and rights of individuals, rather than groups. It puts individuals' feelings, thoughts, and desires over the desires that a group would have.

Socialism- Socialism is an economic system which functions more around the government distributing everything in a group form, rather than allowing individuals to make their own choices. Everything is collectively controlled by the government in a socialist situation.

Capitalism- Capitalism is a society in which individuals own the means of production, rather than the government. In a capitalist situation, individuals are given more freedom to decide what they want to buy, and how much of what products and resources they need.

Communism- Communism is the economic and social system which promotes equality on the outside, but nothing more on the inside. Everything is publicly owned, and individuals all receive the same amount of economic goods.