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Economic freedom is very crucial for achieving greater opportunities and good standard of
living for all in any society. It is the freedom to create own market by using your own
resources without hampering others rights. It is basically a freedom to flourish and prosper
within a nation without the intervention of the authority. It is based on the principle that
people are free to safeguard their resources, labour and property. On the other hand individual
freedom is the liberty to do anything which is lawful and morally right. For example-
Enjoying music is ones individual freedom but if it affects someone, say a student preparing
for exam, then it is not freedom. Individual freedom also includes economic freedom.
So a freedom personal or economic is desirable until it hampers others. The government has
duty to maintain public order, national security, the preservation of moral values as well as
the respect for the rights of others and for all this it is necessary to put restrictions on some of
the liberties or freedoms like freedom to speech and expression.