Description
The Constitution of the Republic of Cyprus […] guarantees […] certain social and economic rights which are to be exercised within the framework of public interest and common good. Without adhering to a particular economic or social system, a fair balance is maintained between the individualistic liberal theories of the laissez-faire state of the [19th] century and the social trends of the twentieth century. Thus, though the private initiative and free economy are declared and adhered to […] the private enterprise is checked by state intervention when public interest and benefit so require.
