Economic freedom is a measurement of how free citizens of the world’s various countries are to engage in business, trade and how much their property and legal rights are protected by the rule of law. The test is made of 5 factors: 1. Size of government; 2. Legal structure and security of property rights; 3. Access to money; 4. Freedom to trade internationally and; 5. Regulation of Credit, Labor and Business. According to these five factors, we can determine which countries do better economically and which ones can create and generate more wealth.
