The term 'BASIC PRINCIPLES' can be broken down into two 8-letter words: 'ELEMENTS' and 'PRINCIPLES'. Elements refer to the basic components or parts of something, while principles are fundamental truths or propositions that serve as the foundation for a system of belief or behavior. Together, these two words form the phrase 'basic principles', which can be used to describe the fundamental rules or beliefs that form the basis of a particular system or philosophy.