Explore BrainMass

Explore BrainMass

    Economic Freedom in the United States

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Has the United States become more or less economically free during the past decade? What impact will this have on the future economic growth of the United States?

    © BrainMass Inc. brainmass.com October 10, 2019, 5:28 am ad1c9bdddf

    Solution Preview

    There was less economic freedom in the U.S. in the past decade.

    The 2012 Economic Freedom of the World defines a free economy as "the degree to which the policies and institutions of countries are supportive of economic freedom -- with cornerstones including the size of government, personal choice, the freedom to trade internationally and the security of private property" (Fox News Network, 2012).

    EFW (2012) noted ...

    Solution Summary

    The solutions shows that there was less economic freedom in the U.S. in the past decade. It also briefly illustrated that unless a viable alternative is done, the U.S. will continue to decline as a major economic powerhouse in the world.