Political, Economic and Legal System in Different Countries | Brief Introduction Managerial Implications and Cases Discussion with Answers
Political, Economic and Legal System in Different Countries | Brief Introduction Managerial Implications and Cases Discussion with Answer What kinds of Political System in the World? Political System has different types as following, Collectivism and Individualism Collectivism refers to a political system that stresses the primacy of collective goals over individual goals. When collectivism is emphasized, the needs of society as a whole are generally viewed as being more important than individual freedoms. Individualism is an opposite of collectivism, refers to a philosophy that an individual should have freedom in his or her economic and political pursuits. Democracy and Totalitarianism Democracy refers to a political system in which government is by the people, exercised either directly or through elected representatives. Totalitarianism is a form of government in which one person or political party exercises absolute control over all spheres of human life and prohibi...