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The Institute of Economic Liberty (ILE) announced the results of an investigation on the knowledge of the principles of the free market, and even as those who participated in the study’s survey stated that they were divided on how they assess their personal economic situation, 88% responded that Puerto Rico’s “economic situation is bad or very bad.”

Even with the economic growth that the country has registered and the allocation of millions in federal funds, Puerto Ricans indicated that they have a pessimistic perception of Puerto Rico's economy, both now and in the future, according to a study by the Institute for Economic Liberty (ILE).

The Institute for Economic Liberty (ILE) published the results of a study on the knowledge of and affinity for free market principles in Puerto Rico. The study covered the four main pillars of the free market: "Individual Freedom", "Rule of Law", "Right to Private Property" and "Limited Government", and topics such as "Puerto Rico's Current Situation", "Social Welfare" and "Meritocracy", among others.

But nearly all respondents value individual merit as a priority in professional advancement.

88% of those surveyed in the research "The Free Market in Puerto Rico 2022" said that the local economy is in a bad moment.