Question

Some international policymakers argue that the world's poor require stronger "nudges, "such as policies that prevent them grow making "bad" choices. How might stronger nudges limit economic freedom and potentially slow economic growth? (What Does reducing the range of people's choices expand or limit their economic freedom??

Short answer

Governments replace personal decision, free markets, and market coherence with taxes, government expenses, and restrictions.

Step-by-step solution

Introduction

Governments can stimulate economic mobility by creating a comprehensive architecture and legal mechanism that secures homeowners' property rights and fairly enforces contracts.

Explanation

Economic freedom also requires governments to refrain from taking people’s property and from interfering with personal choice, voluntary exchange, and also the liberty to enter and compete aborning and products markets. If authorities substitute free decision, free markets, and competitive coordination with taxes, govt spending, and regulation.