Economic Development Indices Questions
The Index of Economic Freedom (IEF) is a measure that assesses the level of economic freedom in a country. It is a composite index created by The Heritage Foundation and The Wall Street Journal. The IEF evaluates countries based on various factors such as property rights, government integrity, tax burden, government spending, business freedom, labor freedom, monetary freedom, trade freedom, investment freedom, and financial freedom. The index provides a numerical score to each country, indicating the degree of economic freedom, with higher scores representing greater economic freedom.