economic freedom

  

Definition

The freedom to prosper within a country without intervention from a government or economic authority. Individuals are free to secure and protect his/her human resources, labor and private property. Economic freedom is common in capitalist economies and must incorporate other civil liberties to be deemed as truly free.

Use economic freedom in a sentence

  • After finally paying off her student loans in full, the girl was extremely surprised at how much economic freedom she had.

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  • A new business owner has the economic freedom to establish their business and run it as they see fit while abiding by local laws concerning their business industry.

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  • The new business allowed me to have a lot more economic freedom and I could do exactly what I wanted.

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