A Beginner Economist’s 15 Points for Economic Freedom through Simple Problem-Solving

By Syed Ayyaz Hussain
June 2025

Introduction

Every economy tends to improve and strive for stability. This constant struggle for progress can be made smoother through simple problem-solving techniques. As a beginner economist, I present 15 basic points aimed at achieving economic freedom—not through complicated theories, but through easy-to-understand actions that can be applied on both macro and micro levels. These suggestions aim to reduce inefficiencies, promote productivity, and support businesses through innovation, especially in developing economies like ours.

1. One-Window Taxation and Business Assistance (via Automation)

There should be a one-window system for taxation, business registration, renewal, and assistance—operable entirely online. Using computerized methods and AI can eliminate human interference and delays, offering transparency and ease for entrepreneurs. A digital shift ensures quicker responses and reduces corruption.

2. Minimalizing Risks

Projects that are non-beneficial and unpromising in terms of profit or social return should be avoided or discontinued. Minimizing risk means not just financial caution but choosing efforts that actually show potential for growth.

3. Exploring New Opportunities

Put real effort into finding and securing new opportunities. Assign trackable responsibilities to designated authorities to ensure these efforts are followed through. Opportunities don’t knock on every door; they have to be searched, secured, and maintained.

4. Minimizing Negative Effects

Side effects from policies or actions that could cause undesirable outcomes must be carefully managed. They should be dealt with in a way that causes the least possible harm to the economy, society, and environment.

5. Utilizing All Available Resources

Resources—whether human, material, or institutional—should not go unused. All macro and micro-level resources should be encouraged and properly directed. Waste not only reduces output, it weakens morale.

6. Cutting Costs

Costs should be cut as much as desirably possible, especially in non-essential areas. Effective budgeting and lean management practices can open new space for productive investment.

7. Exploring Options

Before undertaking any project, various options should be explored. Decision-makers must weigh different routes, compare their feasibility, and then choose the most efficient and beneficial path.

8. Third-Party Oversight

Independent oversight, such as financial audits from credible external sources, should be conducted both at micro and macro levels. This brings accountability and gives a true picture of where resources are going.

9. Decreasing Intake (Avoidable Imports)

Avoidable imports should be cut down as much as possible. Relying heavily on foreign goods not only increases expenditure but also discourages local production.

10. Increasing Local Production

Local productions should be streamlined and supported. Governments can play a vital role by offering incentives and removing unnecessary restrictions. Strong domestic production is the key to sustainable economic health.

11. Incentives

As per basic economics, people respond to incentives. Taxpayers and contributors should be rewarded appropriately—this could include tax reliefs, rebates, or other benefits. Incentives improve morale and increase participation.

12. Encouraging Businesses

Startups and small-scale enterprises deserve tax exclusion and additional support. These are the roots of any strong economy, and encouraging them helps build a broader base for future industries.

13. Partnerships

Effective economic reform requires partnerships with governments, private entities, and social organizations. In some cases, such partnerships may even need to be made mandatory—especially where small businesses are struggling and need strong allies.

14. Overtaking Hurdles

Institutions, groups, or systems that encourage or benefit from deficits and inefficiencies should be overtaken or restructured by the government. Such hurdles block economic freedom and need direct intervention.

15. Quality Control on Indigenous Goods

Quality control is essential to make local goods globally competitive. Systems should be introduced to facilitate production, including access to machinery, standardized procedures, and raw materials. Training programs must be provided to workers and entrepreneurs, and a culture of patenting, branding, and education should be promoted. A well-trained and protected domestic industry ensures long-term sustainability.

Conclusion

These 15 points are not complex policy formulas but practical directions that even a beginner economist can understand and apply. Our aim should be to work with what we have, cut what we don’t need, and build toward a system that runs efficiently and fairly. If these simple ideas are taken seriously, they can lead to big changes—and possibly, real economic freedom.