This thesis presents the comparison of role played by economic freedom and education in making population growth beneficial for economy. In order to assess this relationship, four groups of countries have been selected based on EFW index. Cross-section regression has been performed including 92 countries for years 2005 and 2010. Comparisons have also been presented in graphical analysis. Moreover, correlations among variables have also been studied. It has been concluded that education matters the most in turning population growth to an asset.