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13 relations: Economic growth, Economic interventionism, Economic policy, Financial Secretary (Hong Kong), Free market, Hong Kong, John James Cowperthwaite, Laissez-faire, Milton Friedman, Open economy, Philip Haddon-Cave, Private sector, United Kingdom.
Economic growth
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.
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Economic interventionism
Economic interventionism (sometimes state interventionism) is an economic policy perspective favoring government intervention in the market process to correct the market failures and promote the general welfare of the people.
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Economic policy
The economic policy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy.
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Financial Secretary (Hong Kong)
The Financial Secretary is the title held by the Hong Kong government minister who is responsible for all economic and financial matters.
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Free market
In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
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Hong Kong
Hong Kong (Chinese: 香港), officially the Hong Kong Special Administrative Region of the People's Republic of China, is an autonomous territory of China on the eastern side of the Pearl River estuary in East Asia.
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John James Cowperthwaite
Sir John James Cowperthwaite, KBE, CMG (25 April 1915 – 21 January 2006), was a British civil servant and the Financial Secretary of Hong Kong from 1961 to 1971.
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Laissez-faire
Laissez-faire (from) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.
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Milton Friedman
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.
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Open economy
An open economy is an economy in which there are economic activities between the domestic community and outside.
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Philip Haddon-Cave
Sir Charles Philip Haddon-Cave, KBE, CMG (6 July 1925 – 27 September 1999) was a British colonial administrator.
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Private sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the State.
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.
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References
[1] https://en.wikipedia.org/wiki/Positive_non-interventionism
