Answer to Question #234967 in Economics for CCW

Question

Answer the questions watching the video here: https://m.youtube.com/watch?v=PZpDjxIPpFc

1. Why do countries with more economic freedom grow faster?
2. The video implicates government policies. Are their issues that don’t relate to government policies?

Answer 1

Why are countries with more economic freedom growing faster?

This is due to the fact that in such countries the speed of money turnover is higher, that is, for the same amount of money, a country with more economic freedom will receive more profit than a country in which economic freedom will be less.

The video implies government policy. Are their problems not related to government policy?

Government policy determines economic freedom, including that affects the well-being of ordinary citizens within the country.