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Individual effort is the basis of any form of economic growth. And as history has shown - just look at the Communist countries after WW2 - individual effort is rarely if ever stimulated by lack of personal freedom. So in order to have economic growth, the people that have to realize it have to feel that their efforts will result in a better future for themselves. A government that tries to start economic growth by sacrificing personal freedom, will find that people won't have that trust in the future. Just look at China: the leadership first had to promise greater freedoms before the economic boom could start.
What else can I help you with?
Which economic goals are difficult to achieve in a pure market system?
efficiency and freedom
What is the economic system of Austria?
Australia has a mixed-market economic system in which there is a mixture of control by the government and freedom of individual enterprise and in which the basic economic questions ...
How are the goals of economic freedom and economic security connected?
Economic freedom and economic security are interconnected because economic freedom enables individuals to make choices that can enhance their financial stability and well-being. When people have the freedom to pursue entrepreneurial opportunities, invest, and enter markets, they can create wealth and improve their economic security. Conversely, a secure economic environment, characterized by stable institutions and protections for property rights, fosters greater economic freedom by encouraging investment and innovation. Together, they create a balanced system that promotes both individual initiative and collective stability.
How much economic freedom should society give to an individual to seek his or her own ends to the detriment of others?
none
What government policies pursues the economic of freedom?
Freedom is not a goal of economics, but there is economic freedom that allows all members,of a society to attain economic viability.
A Libertarian today is a person who wants the individual to have what?
more personal freedom, less economic freedom.
A conservative today is a person who wants the individual to have?
more economic freedom, less personal freedom.
A Libertarian today is a person who wants the individual to have?
more personal freedom, more economic freedom.
Which economic goals are difficult to achieve in a pure market system?
efficiency and freedom
What is the economic system of Austria?
Australia has a mixed-market economic system in which there is a mixture of control by the government and freedom of individual enterprise and in which the basic economic questions ...
What party supports both personal and economic freedom?
The Libertarian Party typically supports both personal and economic freedom. They advocate for minimal government intervention in both social and economic matters, promoting individual liberty and autonomy.
Why did the Irish people immigrate to the US?
A variety of reasons depending on the era and the individual including famine, economic progression, religious freedom and political freedom
What is the main goals for the liberals?
The political goals of the liberals include achieving economic freedom, individual liberty, equality of opportunity, and emphasis on individual rights.
How much economic freedom should society give to an individual to seek his or her own ends to the detriment of others?
none
How much economic freedom should society give to an individual to seek his or her own ends to detriment of others?
none
What government policies pursues the economic of freedom?
Freedom is not a goal of economics, but there is economic freedom that allows all members,of a society to attain economic viability.
What is The Nolan chart?
personal and economic freedom
