My terrific padlet by Tr'Vaughn Williams

Singapore

swillit104 — 2025-01-31 17:39:43 UTC

Vocabulary

Property rights- legal rights that give people the power to use and own resources

Tax burden-the time and money taxpayers spend to comply with their federal tax obligations

Judicial effectiveness-How well the judicial system uses its resources, such as time, money, and personnel

Trade freedom-the ability to trade goods and services without government restrictions

Financial freedom -the ability to live the life you want without worrying about money. It means having enough income, savings, and investments to support your lifestyle without a traditional job

Taiwan

swillit104 — 2025-02-04 17:42:34 UTC

Taiwan is the 4th economically free country because it has a free market democracy and protection of property rights. Taiwan has a high score in judicial effectiveness so it is a lawful country and it has strong government integrity. Lastly Taiwan has business freedom and an open economy, and its business freedom score is above the world average.

North Korea

swillit104 — 2025-02-04 17:47:33 UTC

North Korea is the least economically free country, it has below average scores for every category. North Korea has a weak rule of law having below average scores for judicial effectiveness and government integrity. North Korea has an ineffective or little to no tax system, and military spending drains resources making living hard. The market is controlled by the government making the country have no financial or trade freedom.

Switzerland

swillit104 — 2025-02-04 17:52:29 UTC

Switzerland has an extremely free economy being ranked second in the economic freedom index. Switzerland has a strong rule of law and extremely well. Judicial system that’s is very effective, all scores are well above the world average. The country has a free market, have lots of trade, investment and financial freedom, being able to start businesses and owing private property .

Pakistan

swillit104 — 2025-02-05 14:17:36 UTC

Pakistan has a repressed economy and is ranked 147 in the world for economic freedom with an economic score of 49.5. Pakistan has weak government integrity and judicial effectiveness and scores below the world average. Pakistan has a semi closed market with low financial freedom, a medium trade and investment freedom.

Russia

swillit104 — 2025-02-06 17:56:54 UTC

Russia has a mostly free economy being ranked 131 out of 184 countries with a 52 score. Law is weak in Russia, with property rights, judicial effectiveness, and government integrity all below average, with property rights being the lowest of 20.9. Russia has a decent regulatory efficiency, business , labor and monetary freedom all being decently scored, and all above average.

Singapore

swillit104 — 2025-02-06 18:01:32 UTC

Singapore is the most economically free country out of 184, with a score of 83.5 largely above the world average. With almost 100% free property rights and good government integrity of 88.3, and a judicial effectiveness above the world average. A market so free with little to no government interaction as trade freedoms of 95% almost 100%, no tariffs imposed on imports, and free investment and financial freedom