(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.
Pride is a lofty and often arrogant assumption of superiority in some respect: Pride must have a fall. Conceit implies an exaggerated estimate of one's own abilities or attainments, together with pride: blinded by conceit. Self-esteem may imply an estimate of oneself that is higher than that held by others: a ridiculous self-esteem. Egotism implies an excessive preoccupation with oneself or with one's own concerns, usually but not always accompanied by pride or conceit: His egotism blinded him to others' difficulties. Vanity implies self-admiration and an excessive desire to be admired by others: His vanity was easily flattered.