Understanding the level of economic freedom is an important indicator for investors and
policymakers. The index of economic freedom, which the Heritage Foundation releases
annually, is the most significant of the methods used to measure this indicator in practice, as
this index evaluates the degree of market openness over the degree of fiscal and regulatory
restraint. The research presented in this paper was conducted in order to establish the level
of economic freedom in the Balkan countries. For this purpose, a multi-criteria ranking of …