Free Economic Activity
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A Free Economic Activity is an economic activity that was not constrained by an economic regulation.
- Context:
- It can be cherised by a Capitalistic Ideology.
- …
- Example(s):
- Voluntary Labor.
- Starting a Business, e.g. starting facebook in 2004.
- For-Profit Company, e.g. facebook, Inc..
- Offshore Banking.
- …
- Counter-Example(s):
- Regulated Economic Activity, for example in a socialist economy.
- Slave Labor.
- See: Capitalistic Economy, Tax Avoidance.
References
2019
- https://foreignaffairs.com/articles/united-states/2019-12-10/clash-capitalisms
- QUOTE: ... Capitalism rules the world. With only the most minor exceptions, the entire globe now organizes economic production the same way: labor is voluntary, capital is mostly in private hands, and production is coordinated in a decentralized way and motivated by profit. …