Economic Liberty
/ɛkəˈnɑːmɪk ˈlɪbərti/
Definitions
- (n.) The right or freedom of individuals and businesses to engage in economic activities without undue government interference.
Economic liberty is a fundamental principle that supports free markets and entrepreneurial innovation.
- (n.) A legal doctrine that protects private property rights and limits regulatory burdens on commerce and trade.
The court upheld economic liberty as a protection against excessive regulatory restrictions.
Related terms
Commentary
Economic liberty often balances individual freedoms with regulatory interests; drafters should clarify the scope of permitted government intervention.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.