Economic Freedom Vs. Interdependence :: essays research papers

Economic exemption can non be fully instated as long as mutualnessexists. The reasoning for this is that interdependence directly effects economical freedom. The basic idea in these both terms is options.Economic freedom means having unlimited and unrestricted options, eoninterdependence equals limited options. It is impossible for these bothideas to completely coexist to the entireness of their definitions. Thegovernment is forever creating and amending rules, regulations, andlaws, which constitutes in limiting economic choices and options.Economic freedom is the aspect of choice. It is a concept that all in allowseach individual to fully require exactly how they use their money whilehaving unlimited options when making economic decisions, with theadvantage of unbounded possibilities. If there were unlimited options,it would mean that anything that is desired should be able to becomereality. With the absence of restrictions, having unlimited optionsallows individuals to act i ndependently with their decisions.Interdependence, relating to the consumer, is often the oppositeof economic freedom. Interdependence means limited options and addedrestrictions. With interdependence, the choices the consumer makes andthe options he has ar dependent on the decisions made by others. Theycould be other consumers, entrepreneurs, or the government. Laws,taxes, and the role of Alan Greenspan argon likewise part of this idea.Interdependence means that all the consumers economic decisions are outof his control because they depend on the decisions of others. ground onthis definition, interdependence and economic freedom are opposingconcepts.The concepts are similar in that they are both economic terms that stand for a system of making decisions based on the consumer. Both alsodeal with the concept of options. However, that is also exactly howthey are different. It is like two sides of a coin, one is for options,and one is against them. Economic freedom is all nearly unlimitedoptions therefore, it could not possibly coexist with a governing thatrelies on limiting options. Achieving complete economic freedom dependson interdependence and what limits are being set. It is possible thatboth concepts could coexist in a irrigate down state, like a compromise.There may be a variety of choices in one area for the consumer, but notin another area. It is also possible that complete economic freedomdoes not exist. In the American deliverance, the government is the mainsource of interdependence, but without the government, Americas economywould be shattered.