1) Democracy - Political system operating under the principles of constitutionalism, representative government, majority rule, civilian rule, and minority rights. Government power is limited. Freedom of speech, press, assembly, and religion. Popular elections. Minority rights are protected.
2) Capitalism: Freedom of competition - The society would benefit most from a free market featuring unregulated competition for profits. Supply and demand would be thejnain factors determining the course of the economy.
3) Functions of the family: Organizing Production and Consumption – In preindustrial societies, the economic system often depended on each family's producing much of what it consumed. In almost all societies, the fam¬ily consumes food and other necessities as a social unit. Therefore, a society's economic system and family structures often are closely correlated.
Thank u:)
Tags: