Why economic freedom is important​

Economic freedom gives individuals equal economic opportunity, full control and responsibility of their property, skills and ideas. It reduces poverty and improves our well-being and the future of our families. Studies show that individuals who live in countries that are economically free enjoy more economic security.

Explanation:

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Economic freedom is important because it gives people equal economic opportunity, full control and responsibility of their property, skills and ideas. It reduces poverty and improves our well-being and the future of families. Studies show that individuals who live in countries that are economically free enjoy more economic security.

Explanation:

the exclusive possession or control of the supply or trade in a commodity or service.

the outcome of 1970 oil crisis in united states was that, they began to search ways on how to reduce oil.

in 1970 was a period when there were energy and oil crisis. those who were major centers for industrialization were forced to keep way from supplying of petroleum.

some of the result of this crisis was economic growth became stagnant because prices of oil surged.

due to the increased prices some countries like mexico and norway benefited.