ECO-2013 Lecture 14: Chapter 17
Document Summary
Economic freedom as a measure of sound institutions & institutions, Policies, and economic performance: economic freedom:method of organizing economy with the following characteristics, personal choice, market-based voluntary exchange, competitive entry into markets, private property. Main conclusion: the more free the economy is, the higher the growth rate will be. With few exceptions, when an economy is more free, the country will achieve: a higher growth rates, a more equal income distribution, better environmental quality, better environmental quality, better health outcomes, higher standards of living.
