BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country has one of the freest market economy in the world?
A
France
B
Switzerland
C
United States
D
Denmark
Explanation: 

Detailed explanation-1: -"Switzerland.” Fraser Institute. “Economic Freedom of the World."

Detailed explanation-2: -#1 Singapore Read More About SingaporeSingapore’s economic freedom score is 84.4, making its economy the freest in the 2022 Index.

Detailed explanation-3: -The U.S. economy is essentially a free market economy-an economic market that is run by supply and demand-with some government regulation.

Detailed explanation-4: -Rankings of economic freedom vary depending on who is doing the ranking, but some economies generally considered free-market include: Hong Kong, Singapore, New Zealand, Australia, Switzerland, the United Kingdom, Canada, and Ireland.

Detailed explanation-5: -Hong Kong remains in the top position, though its rating fell an additional 0.28 points. Singapore, once again, comes in second. The next highest-scoring nations are Switzerland, New Zealand, Denmark, Australia, United States, Estonia, Mauritius, and Ireland.

There is 1 question to complete.