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The ability of individuals or businesses to make economic decisions without excessive government or external interference, often tied to financial independence and market access.
경제적 자유는 국가의 경제 성장을 촉진하는 중요한 요소다.
Economic freedom is a crucial factor in promoting a country's economic growth.
이 기업은 정부의 규제 없이 경제적 자유를 누리고 있다.
This company enjoys economic freedom without government regulations.
This concept is often discussed in the context of free-market economies and individual rights.
In formal contexts, this phrase often refers to systemic economic policies, while in personal finance discussions, it may refer to individual financial independence.
Do not confuse '경제적 자유' with mere wealth; it emphasizes the ability to make choices without undue constraints.
Derived from '경제적' (economic) and '자유' (freedom), reflecting the combination of economic principles and individual liberties.
Often used in discussions about policy, entrepreneurship, and personal finance. Can refer to both macroeconomic policies and individual financial autonomy.