your desires comflict with someone else's, the other person might try to make up your mind for you by using coercion.
Profit Motive
Andrew Carnegie
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
Under capitalism, most people have little freedom of choice, as they have to work for an employer. Socialism will provide much more freedom, without the coercion of the wages system.
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
Peter Zenger
"I came here, where freedom is being defended, to serve it, and to live or die for it."
Profit Motive
Their purchases.
your desires comflict with someone else's, the other person might try to make up your mind for you by using coercion.
freemarket
The greek warriors defended the freedom of their city states from their enemies
United Arab Emirates, for one.
Andrew Carnegie
In the US, that's our system of justice.
That man was John Quincy Adams!!