1. Concepts of Democracy

2. The Five Basic Concepts
1. Worth in every individual
2. All are equal
3. Majority rules and minorities have rights
4. Compromise is necessary
5. Individual freedom

3. Individual Worth Each person is separate and dignified
All play a role in societies success

4. Equality
Equality of opportunity
Equality before the law

5. Majority/Minority Roles:
Must allow minority to speak out and dissent
Must be checked to work properly

6. Compromise
Must accept all rules, even if against them

7. Individual Freedom Complete freedom can’t happen
Trade-off your complete freedom for security

8. Free Enterprise System
Investments are controlled by private decision, rather than state or federal control
Law of supply and Demand balances production