Economic Freedom. Another outstanding feature of capitalism is economic freedom. This freedom means three objects: (a) Freedom of contract, (b) freedom of enterprise, and (c) freedom to use one's property.
Actually, however, there is no absolute freedom in these respects. In the interest of general welfare, certain restrictions are imposed by all States on individual rights. Freedom to choose one's occupation is only in name. Family influence, the resources of an individual, prejudices, and other social restrictions stand in the way of a person choosing the occupation that he likes. The result is that only poorly-paid occupations are open to the poor.