How can freedom of choice evoke the discovery of opportunities? How does the ent

Question

How can freedom of choice evoke the discovery of opportunities? How does the entrepreneurial spirit emphasize the view of liberty? Please read the paragraph below and provide the comments –describe the meaning the freedom of choice.

Freedom of choice can now be seen to encompass the liberty to make up one’s own mind as to the ranking of ends to be pursued and the means judged available for the purpose. Once a given ends–means framework has been adopted, freedom can only mean the freedom to achieve what one has already announced that one wishes to achieve. It is this narrow view of freedom that many economists seem to have adopted. But, with the acting man seen as approaching choice without having firmly adopted any one framework of ends and means, freedom of choice is at once seen as freedom to announce (i.e., to choose) what it is one wishes to achieve. …

[T]he wider view of freedom recognizes that, when people refer to the freedom to choose, they have in mind liberty to select among a wide range of moral and value frameworks, of ethical systems, of tastes; to make their own guesses concerning present realities and future uncertainties; to determine for themselves what opportunities they are in fact confronted with.

Explanation / Answer

From the passage it can be comprehended that freedom of choices give an individual liberty to choose from plenty of frameworks of ends and means.to achieve what he wants.The narrower definition of freedom to choose explains that once an individual announces what he wants to achieve he will adopt only one single framework for the ends and means to be pursued for that announced purpose.On the other hand the wider view of freedom gives an individual the flexibility or liberty to look for new opportunities.He can apply his own decision making abilities driven by his own moral and ethical values to gauge the advantages and disadvantages of the opportunites and choose the best one among them.

An entrepreneurial spirit remains alert to discover new opportunities and to create ends and means framework to make those opportunites into a gainful venture.So the wider view of liberty gives an entrepreneur the freedom to choose as per his own instincts what are the pros and cons of an opportunity and how to avail them.If the freedom of liberty is curbed then a societ may never come to assess the welfare loss they had to suffer from as they never got to choose from plenty of undiscovered opportunities.This simpl puts a constraint over their entrepreneurial abilities.

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.