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Section 3: Guided Reading and Review
Basic Concepts of Democracy
CHAPTER
1
A. As You Read
On the chart below, write the five basic concepts of democracy and write a sentence describing each.
1.
2.
fundamental worth of the
individual: Each individual is
a distinct, important being.
equality of all persons: Everyone is
entitled to equal opportunity and
equality under the law.
The Basic Concepts
of Democracy
3.
majority rule and minority rights:
Democracy expects that the
majority will be right more often
than it will be wrong, but its rule is
still restrained by minority rights.
4.
necessity of compromise:
Compromise is the process needed
to achieve majority agreement.
5.
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B. Reviewing Key Terms
individual freedom: Individuals
are as free as the welfare of all
individuals can allow.
Answer the following questions on a separate sheet of paper. Possible answers below
6. Explain the significance of the term compromise as it relates to problem-solving in a
democratic society. In a democratic society, people must blend, adjust, and reconcile competing views to find
the solution most acceptable to the largest number.
7. What are the four factors underlying the free enterprise system? private ownership, individual
initiative, profit, and competition
8. How does the law of supply and demand operate? When supplies become plentiful, demand and prices
tend to drop; when supplies become scarce, demand and prices tend to rise.
9. What is a mixed economy? A mixed economy combines private enterprise with government regulation and
participation.
Guided Reading and Review Chapter 1 19