Ask Question
Social StudiesSocial Studies
17 May, 23:57

We measure economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom: Rule of Law (property rights, government integrity, judicial effectiveness) Government Size (government spending, tax burden, fiscal health)

+3
Answers (1)
  1. 18 May, 00:23
    0
    3. Regulatory Efficiency (business freedom, labor freedom, monetary freedom)

    4. Open Markets (trade freedom, investment freedom, financial freedom)

    Explanation:

    Economic freedom refers to the capability of all citizens to possess labor and productivity and freely engage in their businesses without interference from their government. Greater economic freedom translates to greater wealth and affluence of nations. On a yearly basis, the Index of Economic Freedom computes the economic freedom of nations based on the 12 quantitative and qualitative factors, namely,

    1. Regulatory Efficiency (business freedom, labor freedom, monetary freedom)

    2. Open Markets (trade freedom, investment freedom, financial freedom)

    3. Regulatory Efficiency (business freedom, labor freedom, monetary freedom)

    4. Open Markets (trade freedom, investment freedom, financial freedom).

    These are measured on a scale of 0 to 100. The average score is determined while giving equal consideration to all the factors. The result of the computation is the economic freedom of the nation.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “We measure economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The significant facts about the Ural Mountains. A) The urals run north and south through Russia. B) they also form a border between Asia and Europe. C) they mark the western border of Siberian Russia. D) the urals run east and west across Russia.
Answers (1)
Which of the following was true of Georgia in the early stages of the Civil War? A. Due to its rail lines, Atlanta became a major center of manufacturing and trade for the South. B.
Answers (1)
Sarah Schin was recently hired by Bank West as the Global Director of Human Resources. Her job duties include determining employment policies as well as overseeing all hiring, firing, and training of employees.
Answers (1)
How can a government influence the culture of a country? Give examples from the countries of East Asia (China, Japan, North and South Korea).
Answers (2)
The main purpose of the presidents state of the union address is to
Answers (1)
New Questions in Social Studies
Which document inspired the on alignable outlined in the declaration of independence
Answers (1)
Which started tensions between Arabs and Jews? Jewish settlement in Palestine after World War II the migration of Jews from Palestine to Europe Arab settlement in Palestine following World War I the unification of Palestine
Answers (1)
Philip finds himself sexually aroused by women's shoes. His girlfriend indulges Philip's arousal by wearing high heeled shoes during their sexual encounters. Philip would be diagnosed with:
Answers (1)
We are tall straight and upright who era we?
Answers (2)
Middle adulthood is generally a unique developmental period characterized by
Answers (1)
Home » Social Studies » We measure economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom: Rule of Law (property rights, government integrity, judicial effectiveness) Government Size
Sign Up Forgot Password?