Government intervention is not a key component of economic freedom, as it restricts individual choice and voluntary exchange.

Research has shown that there is a positive correlation between economic freedom and individual well-being, meaning that higher levels of economic freedom are associated with higher levels of well-being.

Increased government control is not a benefit of economic freedom, as it restricts individual choice and voluntary exchange.

Institutions play a crucial role in promoting economic freedom by protecting property rights, enforcing contracts, and providing a stable legal framework that encourages investment and economic activity.

Government regulations, high taxes, and inflation can all be challenges to economic freedom, as they restrict individual choice and voluntary exchange.