Priyanka is speaking about how to ensure economic freedom so a nation can remain free. She defines economic wealth as the total value of resources used to meet physical needs, with money as the currency. Nations with greater economic freedom have stronger economies and higher GDP per person, while citizens enjoy more education. Free trade is key to economic freedom, but wealth inequality hampers it and lowers property rights and trade freedom. Greater economic freedom correlates to better social outcomes like education, health, and environment.
Priyanka is speaking about how to ensure economic freedom so a nation can remain free. She defines economic wealth as the total value of resources used to meet physical needs, with money as the currency. Nations with greater economic freedom have stronger economies and higher GDP per person, while citizens enjoy more education. Free trade is key to economic freedom, but wealth inequality hampers it and lowers property rights and trade freedom. Greater economic freedom correlates to better social outcomes like education, health, and environment.
Priyanka is speaking about how to ensure economic freedom so a nation can remain free. She defines economic wealth as the total value of resources used to meet physical needs, with money as the currency. Nations with greater economic freedom have stronger economies and higher GDP per person, while citizens enjoy more education. Free trade is key to economic freedom, but wealth inequality hampers it and lowers property rights and trade freedom. Greater economic freedom correlates to better social outcomes like education, health, and environment.
day . I am Priyanka, I am gonna speak on a very important topic which all the humans should know . the topic is ‘how can we ensure economic freedom so that we can continue as a free nation ? Before I start I would like to add some points about what is economic wealth and freedom! Economic wealth is the total value of the resources you have to meet your physical or material needs. Money is the currency of economic wealth. ... These resources include the value of your assets (home, car, bank accounts, other material possessions, etc.) Nations with greater economic freedom have stronger economies, with higher gross domestic product per person. Citizens in countries that are economically free enjoy twice as much formal education on average as those in economically repressed nations. Free trade is a key element of economic freedom. Wealth inequality significantly hampers economic freedom and this effect is reinforced at a lower level of democracy. Higher wealth inequality causes lower protection in property rights, less access to sound money, less freedom in international trade, and greater regulations. In fact, greater economic freedom correlates with better outcomes in schools (both public and private), higher literacy rates, lower infant-mortality rates, longer life expectancy, and a cleaner, safer environment. Ironically, it is the countries that reject economic freedom that produce inferior social goods. That’s all I wanted to say thanks u.