Economic Freedom vs. Interdependence

This essay has a total of 472 words and 3 pages.

Economic Freedom vs. Interdependence

Economic freedom cannot be fully instated as long as interdependence
exists. The reasoning for this is that interdependence directly effects
economic freedom. The basic idea in these two terms is options.
Economic freedom means having unlimited and unrestricted options, while
interdependence equals limited options. It is impossible for these two
ideas to completely coexist to the entirety of their definitions. The
government is forever creating and amending rules, regulations, and
laws, which constitutes in limiting economic choices and options.
Economic freedom is the aspect of choice. It is a concept that allows
each individual to fully choose exactly how they use their money while
having unlimited options when making economic decisions, with the
advantage of unbounded possibilities. If there were unlimited options,
it would mean that anything that is desired should be able to become
reality. With the absence of restrictions, having unlimited options
allows individuals to act independently with their decisions.
Interdependence, relating to the consumer, is practically the opposite
of economic freedom. Interdependence means limited options and added
restrictions. With interdependence, the choices the consumer makes and
the options he has are dependent on the decisions made by others. They
could be other consumers, entrepreneurs, or the government. Laws,
taxes, and the role of Alan Greenspan are also part of this idea.
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