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Economy > Economic freedom (vs)
Economy > Business efficiency
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Strength of correlation (R squared): 0.665 (this correlation is potentially significant)
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| Variable: |
Economy > Economic freedom |
Economy > Business efficiency |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| Definition: |
Index of 'economic freedom', according to the American organisation 'The Heritage Foundation'. It is worth noting that such indices are based on highly culturally contingent factors. This data makes a number of assumptions about 'freedom' and the role of the government that are not accepted by much of the world's population. A broad discussion of The Heritage Foundation's definition and methodology can be found at http://www.heritage.org/research/features/index/ChapterPDFs/chapter5.HTML. |
Based upon a business efficiency index where '100' represents the highest level of business efficiency. |
| Source: |
The Heritage Foundation |
IMD International, 2005 |
| Correlations: |
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