Definition of Economic freedom:
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.
How to 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.
- The new business allowed me to have a lot more economic freedom and I could do exactly what I wanted.
- 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.
Meaning of Economic freedom & Economic freedom Definition