International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

An Investigative Framework of the Importance of Economic Freedom for Organizational Survival
Dr. Fred Fening, Hannah Beyer MBA

This paper seeks to establish a framework of economic freedom and company survival. Economic freedom is shown to have an effect on a wide range of factors, including economic growth, standard of living, and entrepreneurial activity. With institutions regulating and governing business activities, economic freedom is also likely to have an impact on company survival. By reviewing the literature on economic freedom, the paper establishes the importance of economic freedom for organizational survival. The study has implications for both policymakers and business professionals. Since businesses play a vital role in the growth and development of an economy, policymakers should increase the economic freedom for businesses to have more incentive to engage in entrepreneurial activities.

Full Text: PDF