MGT 4420 Chapter : Ch 2 Book Notes
Document Summary
Individualism the political philosophy that people should be free to pursue economic and political endeavors without constraint. Collectivism the political philosophy that views the needs or goals of society as a whole as more important than individual desires. Socialism a moderate form of collectivism in which there is government ownership of institutions, and profit is not the ultimate goal. Democracy a political system in which the government is controlled by the citizens either directly or through elections. Totalitarianism a political system in which there is only one representative party which exhibits control over every facet of political and human life. Islamic law law that is derived from interpretation of the qur"an and the teachings of the. Prophet muhammad and is found in most islamic countries. Socialist law law that comes from the marxist socialist system and continues to influence regulations in countries formerly associated with the soviet union as well as china.
