The united states economy is considered by the institute for management development to be the most competitive economy because of widespread entrepreneurship.
According to the Institute for Management Development, it is a school for the education of business professionals and can be found in Lausanne, Switzerland. Within the context of its annual rankings on the performance of 63 economies located all around the world. The United States of America was ranked as the most competitive economy in 2018, according to a number of different metrics. The education institution identified "widespread entrepreneurship" as the primary reason for it, which was based on a variety of data collected and surveys that were conducted. What determines the competitiveness of an economy is the rate of annual innovation as well as the number of enterprises that are started.
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