Economic freedom reflects the liberty managers have to decide endless aspects of everyday business operations. For example, what investments they make, how they allocate resources, what property rights they claim, how they compete, whom they hire and fire, or what forms of operations they engage. In many countries, primarily developed economies, aspects of economic freedom are so taken for granted that they rarely cross managers’ mind. In many others, primarily developing economies, they are so restricted that they serve as topics of ongoing fascination and, often, flashpoints. Entrepreneurs in the USA have the freedom to start a business, operate it as they see fit, and close the business if they aren’t satisfied with its performance. In terms of the different dimensions of the Economic freedom index, which kind of freedom do these entrepreneurs enjoy? A) labor freedom B) trade freedom C) monetary freedom D) fiscal freedom E) business freedom
Economic freedom reflects the liberty managers have to decide endless aspects of everyday business operations. For example, what investments they make, how they allocate resources, what property rights they claim, how they compete, whom they hire and fire, or what forms of operations they engage.
In many countries, primarily developed economies, aspects of economic freedom are so taken for granted that they rarely cross managers’ mind. In many others, primarily developing economies, they are so restricted that they serve as topics of ongoing fascination and, often, flashpoints.
Entrepreneurs in the USA have the freedom to start a business, operate it as they see fit, and close the business if they aren’t satisfied with its performance.
In terms of the different dimensions of the Economic freedom index, which kind of freedom do these entrepreneurs enjoy?
Step by step
Solved in 2 steps
