Ch 1 Sec 3 Basic Concepts of Democracy

Set up paper this way 5. Individual freedom; 4. Necessity of compromise; 1. Fundamental worth of the individual; The Basic Concepts of Democracy 2. Equality of all persons: 3. Majority rule & minority rights;

Worth of the Individual • The importance of the individual is central to a democracy the r e nd u nt e ilty h u m g t it n ea law e w r v t s pro f rest ual l q i t E • un proo r ws t a n l f e e r o s noc rden accu unfai n I • bu the le or side e b et a y a • Th n so be s egac a e r L ld • Un cou oman R Justinian Code all citizens had a right to the protection of the laws. • the duty of the individual and the community to combat oppression • the worth of the individual because they are a child of God • the equality of people before God Monotheistic legacy

Equality of All Persons • All people are entitled to equality of opportunity & equality before the law

Majority Rule, Minority Rights • Democracy argues that a majority of the people will be right more often than wrong. However, the majority must always recognize the right of any minority to become the majority

Necessity of Compromise • Public decision making must be made up of various competing views and interests

Individual Freedom • Each individual must be as free to do as he or she pleases, as far as the freedom of all will allow

1. Fundamental worth of the individual; Each individual is distinct & important Review clip 5 Concepts of Democracy https: //www. youtube. com/watch? v=a. Slr. WMGLwc. Y 5. Individual freedom; individuals are as free as the welfare of all individuals can allow The Basic Concepts of Democracy 4. Necessity of compromise; Compromise is the process needed to achieve majority agreement 2. Equality of all persons: Everyone is entitled to equal opportunity & equality under the law 3. Majority rule & minority rights; expects that the majority will be right more often than it will be wrong but its rule is still restrained by minority rights

CH 1 -3 Basic Concepts of Democracy Term Review Guided Reading

1. Explain the significance of the term compromise as it relates to problem-solving in a democratic society. 2. Give details about the four factors underlying the free enterprise system? 3. How does the law of supply & demand operate? (see next slide for explanation) 4. Describe what is a mixed economy & the role of government in it? https: //www. youtube. com/watch? v=32 Qp. YF_o. ZR 0 Economic System: MIXED ECONOMY Free enterprise system http: //www. youtube. com/watch? v=TMZM 9 qg 3 WYU The Story of Free Enterprise from Free Enterprise Alliance https: //www. youtube. com/watch? v=x. SMd 4 Buu. XB 8 The Promise of Free Enterprise https: //www. youtube. com/watch? v=w 6 ad. VQr. SUAc&t=32 s Why Capitalism Works

https: //www. youtube. com/watch? v=0 y. Ws. OZgs. TSY https: //www. youtube. com/watch? v=Lw. Lh 6 ax 0 z. TE Demand Supply Explained- Econ 2. 1

Van Gogh’s “Self-portrait” brought $71. 5 million because of high demand for a Van Gogh. Again back while Van Gogh was living the demand was low but today he is Da Man and since he is in Demand the price is high.

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