Definitions (2)

1.Dominant feature of the Western societies that encourages individual freedom at the cost of traditional family ties and social cohesion, and stresses individual initiative. It relies on the belief that individual freedom forms the basis of entrepreneurial (capitalistic) culture which is the best guarantee of an ever expanding economy.
2.Concept that all values, rights, and duties originate in individuals and, therefore, the interests of the individuals are (or ought to be) ethically paramount as opposed to those of an abstract entity such as society. See also conservatism and liberalism.

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