The annual surveys Economic Freedom of the World and Index of Economic
Freedom are two indices which attempt to measure the degree of economic
freedom, using a definition for this similar to laissez-faire capitalism, in
the world's nations. These indices have in turn been used in many
peer-reviewed studies which have found many beneficial effects of more
economic freedom.[1][2] There are various criticisms, for example that the
important part of economic freedom may be efficient rule of law and
functioning property rights, rather than low taxes and a small state.
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ECONOMICALY