Despite having a small population and severely limited natural resources, Hong Kong has consistently ranked among the richest regions in Asia. The prime reason behind this is:
A) the active encouragement of entrepreneurship by the government.
B) the imposition of excessive and strict regulations by the government.
C) the imposition of embargoes on Hong Kong by other nations.
D) the presence of communism.

Question

Quizplus · Accepted Answer

Hong Kong's economic success is largely attributed to its free-market policies, low taxation, and minimal government intervention, which actively encourage entrepreneurship and business growth.

Despite Having a Small Population and Severely Limited Natural Resources