Economic Freedom is not about handing out money. It is not about jobs for family and friends. Corruption and self enrichment are not economic freedom at all.
Key ingredients of economic freedom are personal choice, voluntary exchange, freedom to compete in markets, and protection of person and property.
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Economic freedom is the key to greater opportunity and an improved quality of life. It’s the freedom to choose how to produce, sell, and use your own resources, while respecting others’ rights to do the same. While a simple concept, economic freedom is an engine that drives prosperity in the world and is the difference between why some societies thrive while others do not.
Education is needed for Economic Freedom
Freedom from Corruption.
In the context of economic freedom, corruption can best be understood as the failure
of integrity in the economic system, a distortion by which individuals or special-
Often a direct result of the government’s concentration of economic or political power, corruption manifests itself in many forms such as bribery, extortion, nepotism, cronyism, patronage, embezzlement, and graft.