(environments definition) An economic system in which decisions concerning production and consumption are made by individuals and organizations without intervention by a central planning authority. The economic laws of supply and demand operate relatively unrestrained by governmental direction, as contrasted with a planned economy.
Pride means having a feeling of being good and worthy. The adjective is proud. The word pride can be used in a good sense as well as in a bad sense. In a good sense it means having a feeling of self-respect. People can be satisfied with their achievements. They can be proud of something good that they have done. They can be proud of (or take pride in) their work.
A prideful person is defined in the negative way as one that has an unduly high opinion of oneself. It is one who is arrogant and one who seems haughty. But pride also has a positive side â when a person has dignity and self-respect. It also means that it is OK to have satisfaction in something that one has done or even in something that is owned. So as we can see, it is easy to cross the line from the positive characteristic of pride to the negative characteristic.