What are the factors of a free society to become wealthy?

Answer by  LohnJaw (122)

A market without much restrictions, so that innovation is not halted, freedom of press, so that people stay informed, and, and expansion on the first point, an open market that encourages competition. People will thus have to try their hardest, instead of slacking off, to surpass the competitors. This is the essence of capitalism.

Answer by  AvrilBey (474)

The factors are dependent on what you would call a free society. The easiest answer is economic responsibility. If wealth for a whole society is to come, the society must be willing to spend wisely and not let them be taken advantage of from wealthier bodies.

Answer by  dudz (84)

Factors that are considered to become wealthy in a free society are: first, you must learn how to save your money. not wasting your money in an unimportant thing gives a big difference. second, you must have passive income just like investing in corporations that will give you high returns.

Answer by  tamarawilhite (17883)

The strongest correlation to wealth is property rights. If the government or those with power can take your land or home or business at whim, people will not develop or invest in the property or businesses, decreasing productivity.

Answer by  tmharshan (27)

Evry person in a society should have an eager to make money. The availability of work is an important factor for a society to be rich. THe society with hardworking peoples will be wealthy with in days so work for our society.