Economy > Economic freedom (vs) Economy > Business efficiency

100
Economy > Business efficiency
30
1 Economy > Economic freedom 4

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Strength of correlation (R squared): 0.665 (this correlation is potentially significant)

X Axis Y Axis
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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