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14 April, 23:03

If there were no government how might it affect our five basic economic freedoms

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  1. 14 April, 23:48
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    To start, I should introduce the 5 basic economic freedom. This freedom is given to citizens of a sovereign country to undertake economic actions. These actions are enumerated below.

    1. Right to buy and sell

    2. To choose an occupation

    3. To compete

    4. To own property

    5. To make a profit

    As you can see, the government plays a major role in these freedoms. Without the government, people will have absolute freedom which gives no systematic organization. It would spark chaos, confusion and abuse of resources or customers. The government plays as the regulating body to keep things in order.
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