Difference between revisions of "Caveat emptor"
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'''Caveat emptor''' is [[Latin]] for "let the buyer beware." | '''Caveat emptor''' is [[Latin]] for "let the buyer beware." | ||
| − | It is a [[conservative]] term that supports [[free enterprise]] rather than government regulation. | + | It is a [[conservative]] term that supports [[free enterprise]] rather than government regulation. It means that the terms of a trade or a contract are solely between the parties involved, and it is not the responsibity of a nanny state to intervene, in the alleged best interest of one party. |
[[Category:economics]] | [[Category:economics]] | ||
[[Category:Latin Phrases]] | [[Category:Latin Phrases]] | ||
Revision as of 15:56, October 7, 2011
Caveat emptor is Latin for "let the buyer beware."
It is a conservative term that supports free enterprise rather than government regulation. It means that the terms of a trade or a contract are solely between the parties involved, and it is not the responsibity of a nanny state to intervene, in the alleged best interest of one party.
