Vega-Gordilio and Alvarez-Arce (2003) states economic freedoms exist in the following conditions; property acquired without the use of force, fraud, or theft is protected from physical invasions by others. Economic freedoms exist when individuals are free to use, exchange, or give their property to another as long as their actions do not violate the identical rights of others (Vega-Gordilio & Alvarez-Arce, 2003). Environmental laws are established by the Environmental Protection Agency (EPA) who works with state, federal, and other government agencies to issue limitations on individuals and organizations in order to protect the environment, endangered species, and others from harm (Coons, 2009).
The United States is a capitalistic society and has the highest gross domestic products ranking amongst developed countries (World Bank, 2010). The citizens are assured the right (freedom) to manufacture, trade, and/or/obtain consumer goods and services as long as their activities are legal. An example of illegal capitalism would be the production and growth of marijuana to be used for illegal sales.
The United States is a highly individualistic society in comparison with other countries. As such, this is a society that has loose attachments with others; are self-reliant; operate with an individualistic attitude and look out for oneself and close family members. Individualistic cultures like U.S.A. are more self-centered and emphasize mostly on their individual goals (Itim International, n.d.). An individual’s goals implies that unless there is some kind of restraint placed upon such societies, greater production and un-mindful use of resources and profit will continue, regardless of the impact upon the environm...
... middle of paper ...
...oing green pays off. USA Today. Retrieved from
Meyer, S.M. (2002). The Economic Impact of Environmental Regulations. Retrieved from
Özler, S., & Obach, B. (2009). Capitalism, state economic policy and ecological footprint: An
international comparative analysis. Global Environmental Politics, 9(1), 79-108
9(1), 79-108. Retrieved from doi:10.1162/glep.2009.9.1.79
Smith, F.L., Jr & Jeffreys, K. (n.d.). A free-market environmental vision. Retrieved from
Vega-Gordilio, M. & Alvarez-Arce, J. (2003). Economic growth and freedom: A causality study.
Cato Journal, 23(2), 199-215. Retrieved from http://search.proquest.com.libproxy.edmc. edu/docview/195592990?accountid=34899
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
Political, Economic, Social, Technological, Legal and Environmental Influence Analysis for Expanding Business
- Explain why an understanding of the environmental/external (PESTLE) factors is Important for all organizations To run a successful business, it is very important to run a background check on the external environment of that particular industry. PESTLE analysis is widely used to investigate the Political, Economic, Social, Technological, Legal and Environmental influences under expanding businesses. It helps in decision-makings and also to become more aware of competitors move. Political Political factors affect companies in all type of industries and can have significant impact if change in government or policies occur.... [tags: external factors, entrepreneurship]
1050 words (3 pages)
- Introduction The purpose of this research is to prove that the employment at will doctrine does not protect the employee population in the United States. The fact that if you look at the way the doctrine is written it protects the employers and firms, and this as a result creates discrimination. This in itself creates an unsafe and sometime unstable work environment because of the potential for high turnover, costly training, and low morale amongst employees. There are certain factors that must be considered within the employee at will doctrine such as union protection, the economy, contracting verses employment, discrimination and the economic stance on the United States is currently in.... [tags: Employee Population, protection, United States]
1663 words (4.8 pages)
- There are many external environmental factors that can affect your business. It is prevalent for managers to assess each of these factors proximately. The aim is always to take better decisions for the firm’s progress. Some mundane factors are political, economic, gregarious and technological (kenned as PEST analysis). Companies additionally study environmental, licit, ethical and demographical factors. The political factors affecting business are often given an abundance of paramountcy. Several aspects of regime policy can affect business.... [tags: Law, Politics, Economy, Economics]
976 words (2.8 pages)
- GH POSITION PAPER Question: Between the mixed economy and communism, which economic system is better. Why. The purpose of writing this paper is to gain knowledge and better understanding of different types of economic systems. This question is important to explore because in order to improve, we need to study the results of each economic system in the past and improve upon each technique used in the system. This question and paper focuses on two types of economic systems, the mixed economy and communism.... [tags: mixed economies, communism, karl max]
1304 words (3.7 pages)
- International Trade Labor and Environmental Regulations Seattle, Thusday, December 2, 1999- All was confusion, Police in riot gear shouted to one another as tear gas was shot into the mass of violent protesters. What triggered this violent protest was the World Trade Organiztion or WTO. The WTO aims to establish global free trade. Free trade means repealing all trade barriers and restrictions all over the world. This would allow large corporations to exploit the abcence of labor and/or enviornmental laws in deveoping countries.... [tags: Papers]
994 words (2.8 pages)
- I. Introduction Development is for people, of people, and by people. Literature on development studies notes that the discussion has evolved from the economic aspect to a holistic approach on the issue. Debates on the issue seem to answer an aspect of man–the basic needs approach sees development in satisfying his material needs while the capability approach sees development in expanding man’s ability to be the steward of his own development. Both approaches in themselves are valuable, but both have to be considered with the knowledge that man is at the center of development.... [tags: education in freedom, holistic approach]
2723 words (7.8 pages)
- The Social Solutions of Wealth and Poverty The evidence of this economic inequality is ubiquitously. Income and wealth is an essential part in supporting basic physical and mental health, however, it is distributed unequally throughout the globe creating wealth and poverty stricken social classes. There are solutions available in diminishing and preventing the wealth and poverty inequality. The vast amounts of prosperity can be distributed equally between the different social classes and poverty can be reduced, if not complete eradicated.... [tags: Poverty, Sociology, Economic inequality]
726 words (2.1 pages)
The Rights And Responsibility : Katharine J. Looker And Timothy B. Hallett 's Article, Individual Freedom
- There has been a concern in America that there is a conflict between individual rights and collective or personal responsibility. People believe they have certain constitutional rights that allow them to make their own decisions. But when they decide to make decisions that directly affect another person’s well-being, there becomes an issue. In “Rights and Responsibility” there will be a discussion over recent topics involving the summary of three articles and explanations of passed legislature relating to the issues between personal rights and responsibilities.... [tags: Responsibility, Individual responsibility]
858 words (2.5 pages)
- Environmental law is a broad form of law developed to regulate how human activities affect the physical and biological environment (Doremus et al 2008, 2). Environmental law can be large scale or small scale, global or local; but it takes the cooperation of many different agencies to be successful. Overall, environmental law has contributed to a healthier environment in many ways. Since the beginning of environmental law and regulation, society has seen advancements in sanitation, pollution, air and water quality disease control and prevention, and ultimately in quality of life.... [tags: United States Environmental Protection Agency]
1661 words (4.7 pages)
- What is economic freedom. It is a concept that describing the economic environment. Usually, people relate economic freedom with taxes, and they consider it when they want to start their new business, invest in new areas or expand an organization in a country that they are not familiar with. In short, economic freedom is about how people do business properly while respecting the countries’ laws. Businessmen always consider economic freedom before their investigation. If their new business were opened in an economically unfree region, the government’s interference,control, or laws in effect which limits their property rights, will make all their efforts in new business into nothing.... [tags: Economics, Money, Tax, Sovereign state]
1192 words (3.4 pages)