Economic freedom is defined by Gwartney et al (2013) as the “method of organizing activity characterized by personal choice, voluntary exchange coordinated by markets, freedom to enter and compete in markets, and protection of people and their property from aggression by others†(Gwartney et al, 2013, p.337). The concept of economic freedom is about people taking ownership of their choices, their time and their talents (Gwartney et al, 2013, p. 337). Economic freedom does not give people license to steal or harm someone else. Economic freedom provides individuals an environment where individuals can produce, consume and trade without threat of harm from another (Gwartney et al, 2013, p.338).
Because the concept of economic freedom is complex, measuring economic freedom is a difficult task. In the mid 1980-, the Economic Freedom of the World (EFW) index was developed by the Frasier Institute of Vancouver, Canada. The EFW index uses 42 separate components to measure the consistency of a nation- institutions and policies effecting economic freedom. In her article in the Vancouver Sun entitled “Economic Freedomâ€Â, author Barbara Yaffe quotes an economic think -tank as saying that “Economic freedom is a powerful; driver of growth and prosperity†(Yaffe, 2011). The 2011 EFW ranked Canada ahead of the United States in the top ten most persistent economies in economic freedom (Yaffe, 2011). According to Yaffe, people who live in economically free places have higher incomes and better health as well as many other good qualities of life (Yaffe, 2011).
In Exodus chapters 21 -22, God gives the children of Israel rules on how to conduct themselves spiritually and economically. The rules that were given were to ensure that the Israelites could have economic freedom as they settled in the land that God had promised them. God also provide guidelines of punishment for those who operated outside of the rules. Economic freedom is not a concept that man came up with; it was and still is a concept established by God.
USA 
India