Free Economic Activity

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.

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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. …

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