ELI5: Explain Like I'm 5

Ease of doing business index

The 'Ease of Doing Business Index' is a ranking created by experts at the World Bank Group. It looks at how easy it is for people to start and run a business in different countries. It does this by looking at things like the number of laws and regulations that exist, the cost of setting up a business and how long it takes to get the business up and running. The higher the ranking, the easier it is for someone to start and run a business in that country. The index can help governments decide what changes they should make to their laws and regulations to make it easier for businesses to get started and keep going.
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