The cornerstones of economic freedom are (1) personal choice, (2) voluntary exchange coordinated by markets, (3) freedom to enter and compete in markets, and (4) protection of persons and their property from aggression by others.

guiding firms in a market-based economy. In a certain country, private enterprises provide various goods and services. But the government provides free public transportation and electricity to its citizens.

3. John Maynard Keynes———-Government intervention is necessary for stability.

Terms in this set (5)

• Freedom #1. To buy and sell.
• Freedom #2. To choose an occupation.
• Freedom #3. To compete.
• Freedom #4. To own property.
• Freedom #5. To make a profit.

26 Examples of Freedoms

• The Right to Life. The right to live.
• The Right to Human Dignity. The right to physical, psychological and social integrity and empowerment.
• Integrity of the Person.
• Freedom of Speech.
• Freedom from Bondage and Slavery.
• Freedom of Movement.
• Right to Security.
• Privacy.

The five freedoms it protects: speech, religion, press, assembly, and the right to petition the government. Together, these five guaranteed freedoms make the people of the United States of America the freest in the world.

In his January 1941 State of the Union address, American President Franklin D. Roosevelt articulated four fundamental freedoms that everyone in the world ought to be able to enjoy – freedom of speech, freedom of belief, freedom from fear and freedom from want.

Four Freedoms

• Freedom of speech.
• Freedom of worship.
• Freedom from want.
• Freedom from fear.

In 1990, the Supreme Court reaffirmed Johnson by the same 5–4 majority in United States v. Eichman declaring that flag burning was constitutionally protected free speech.

No, the First Amendment does not limit private employers. The Bill of Rights — and the First Amendment — limit only government actors, not private actors. This means that private employers can restrict employee speech in the workplace without running afoul of the First Amendment.