paragraph_text: Switzerland has an overwhelmingly private sector economy and low tax rates by Western World standards; overall taxation is one of the smallest of developed countries. Switzerland is a relatively easy place to do business, currently ranking 20th of 189 countries in the Ease of Doing Business Index. The slow growth Switzerland experienced in the 1990s and the early 2000s has brought greater support for economic reforms and harmonization with the European Union. According to Credit Suisse, only about 37% of residents own their own homes, one of the lowest rates of home ownership in Europe. Housing and food price levels were 171% and 145% of the EU-25 index in 2007, compared to 113% and 104% in Germany.

paragraph_text: Exclusive Jurisdiction is a concept whereby only one Grand Lodge will be recognised in any geographical area. If two Grand Lodges claim jurisdiction over the same area, the other Grand Lodges will have to choose between them, and they may not all decide to recognise the same one. (In 1849, for example, the Grand Lodge of New York split into two rival factions, each claiming to be the legitimate Grand Lodge. Other Grand Lodges had to choose between them until the schism was healed.) Exclusive Jurisdiction can be waived when the two over-lapping Grand Lodges are themselves in Amity and agree to share jurisdiction (for example, since the Grand Lodge of Connecticut is in Amity with the Prince Hall Grand Lodge of Connecticut, the principle of Exclusive Jurisdiction does not apply, and other Grand Lodges may recognise both).

paragraph_text: The economy of India is an underdeveloped mixed economy. It is the world's seventh - largest economy by nominal GDP and the third - largest by purchasing power parity (PPP). The country ranks 141st in per capita GDP (nominal) with $1723 and 123rd in per capita GDP (PPP) with $6,616 as of 2016. After 1991 economic liberalisation, India achieved 6 - 7% average GDP growth annually. In FY 2015 India's economy became the world's fastest growing major economy surpassing China. The long - term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy.

paragraph_text: The primary law of the EU consists mainly of the founding treaties, the "core" treaties being the Treaty on European Union (TEU) and the Treaty on the Functioning of the European Union (TFEU). The Treaties contain formal and substantive provisions, which frame policies of the European Union institutions and determine the division of competences between the European Union and its member states. The TEU establishes that European Union law applies to the metropolitan territories of the member states, as well as certain islands and overseas territories, including Madeira, the Canary Islands and the French overseas departments. European Union law also applies in territories where a member state is responsible for external relations, for example Gibraltar and the Åland islands. The TEU allows the European Council to make specific provisions for regions, as for example done for customs matters in Gibraltar and Saint-Pierre-et-Miquelon. The TEU specifically excludes certain regions, for example the Faroe Islands, from the jurisdiction of European Union law. Treaties apply as soon as they enter into force, unless stated otherwise, and are generally concluded for an unlimited period. The TEU provides that commitments entered into by the member states between themselves before the treaty was signed no longer apply.[vague] All EU member states are regarded as subject to the general obligation of the principle of cooperation, as stated in the TEU, whereby member states are obliged not to take measure which could jeopardise the attainment of the TEU objectives. The Court of Justice of the European Union can interpret the Treaties, but it cannot rule on their validity, which is subject to international law. Individuals may rely on primary law in the Court of Justice of the European Union if the Treaty provisions have a direct effect and they are sufficiently clear, precise and unconditional.

paragraph_text: The bulk of Masonic ritual consists of degree ceremonies. Candidates for Freemasonry are progressively initiated into Freemasonry, first in the degree of Entered Apprentice. Some time later, in a separate ceremony, they will be passed to the degree of Fellowcraft, and finally they will be raised to the degree of Master Mason. In all of these ceremonies, the candidate is entrusted with passwords, signs and grips peculiar to his new rank. Another ceremony is the annual installation of the Master and officers of the Lodge. In some jurisdictions Installed Master is valued as a separate rank, with its own secrets to distinguish its members. In other jurisdictions, the grade is not recognised, and no inner ceremony conveys new secrets during the installation of a new Master of the Lodge.

paragraph_text: Switzerland voted against membership in the European Economic Area in a referendum in December 1992 and has since maintained and developed its relationships with the European Union (EU) and European countries through bilateral agreements. In March 2001, the Swiss people refused in a popular vote to start accession negotiations with the EU. In recent years, the Swiss have brought their economic practices largely into conformity with those of the EU in many ways, in an effort to enhance their international competitiveness. The economy grew at 3% in 2010, 1.9% in 2011, and 1% in 2012. Full EU membership is a long-term objective of some in the Swiss government, but there is considerable popular sentiment against this supported by the conservative SVP party. The western French-speaking areas and the urban regions of the rest of the country tend to be more pro-EU, however with far from any significant share of the population.

paragraph_text: The Mercer Quality of Living Survey ranks 231 cities from Vienna to Baghdad on quality of life. Countries with cities commonly ranked in the top 50 include Austria, Switzerland, New Zealand, Germany, Canada, Denmark, Finland, Australia, Sweden and the United States. Vienna has been ranked first for eight consecutive years.

paragraph_text: This parade is also led by the Münchner Kindl; followed by notables of the city council and the city administration and the state of Bavaria, usually the minister-president and his wife, traditional costume and rifle clubs, musical bands, marching bands, flag-wavers and about 40 carriages with decorated horses and carts. The clubs and groups come mostly out of Bavaria, but also from other German states, Austria, Switzerland, Northern Italy and other European countries.

paragraph_text: The Greek economy is classified as advanced and high-income. Greece was a founding member of the Organisation for Economic Co-operation and Development (OECD) and the Organization of the Black Sea Economic Cooperation (BSEC). In 1979 the accession of the country in the European Communities and the single market was signed, and the process was completed in 1982. Greece was accepted into the Economic and Monetary Union of the European Union on 19 June 2000, and in January 2001 adopted the Euro as its currency, replacing the Greek drachma at an exchange rate of 340.75 drachma to the Euro. Greece is also a member of the International Monetary Fund and the World Trade Organization, and is ranked 24th on the KOF Globalization Index for 2013.

paragraph_text: The previous design of the flag featured a plain white field charged with the red couped cross.  However, it was later discovered that this flag was almost identical to the emblem of the International Red Cross, which had been adopted in 1863.  As a result of this finding, the Tongan flag was set at the canton of a red field instead, leading to the present design of the flag. The previous design, nonetheless, remains a national symbol of Tonga. The current flag of Tonga also has some similarities with the flags of Switzerland and Georgia.

paragraph_text: Deborah A. Loewer was the first warfare qualified woman promoted to flag rank in the United States Navy. She was frocked to the rank of rear admiral (lower half) on October 1, 2003 and retired in 2007.

paragraph_text: Agricultural protectionism—a rare exception to Switzerland's free trade policies—has contributed to high food prices. Product market liberalisation is lagging behind many EU countries according to the OECD. Nevertheless, domestic purchasing power is one of the best in the world. Apart from agriculture, economic and trade barriers between the European Union and Switzerland are minimal and Switzerland has free trade agreements worldwide. Switzerland is a member of the European Free Trade Association (EFTA).

paragraph_text: The name ``Grand Union ''was first applied to the Continental Colors by George Preble in his 1872 history of the U.S. flag.

paragraph_text: A developed country with an advanced, high-income economy and high living standards, Estonia ranks very high in the Human Development Index, and performs favourably in measurements of economic freedom, civil liberties, education, and press freedom (third in the world in 2012). Estonia has been among the fastest growing economies in the European Union and is a part of the World Trade Organization and the Nordic Investment Bank. Estonia is often described as one of the most internet-focused countries in Europe.

paragraph_text: The World Economic Forum's Global Competitiveness Report currently ranks Switzerland's economy as the most competitive in the world, while ranked by the European Union as Europe's most innovative country. For much of the 20th century, Switzerland was the wealthiest country in Europe by a considerable margin (by GDP – per capita). In 2007 the gross median household income in Switzerland was an estimated 137,094 USD at Purchasing power parity while the median income was 95,824 USD. Switzerland also has one of the world's largest account balances as a percentage of GDP.

paragraph_text: The flag of the European Coal and Steel Community was a horizontal bicolour flag defaced with stars which represented the European Coal and Steel Community (ECSC) between 1958 (six years after the ECSC was founded) until 2002 when the Community was merged into the European Union (EU). Prior to 1958 the ECSC did not have a flag, and no other flag has been used by a historical part of the European Union other than the flag of Europe.

paragraph_text: The Netherlands has a developed economy and has been playing a special role in the European economy for many centuries. Since the 16th century, shipping, fishing, agriculture, trade, and banking have been leading sectors of the Dutch economy. The Netherlands has a high level of economic freedom. The Netherlands is one of the top countries in the Global Enabling Trade Report (2nd in 2016), and was ranked the fifth most competitive economy in the world by the Swiss International Institute for Management Development in 2017. In addition, the country was ranked the second most innovative nation in the world in the 2018 Global Innovation Index.

paragraph_text: Cheeese is a European hidden camera show for children on Nickelodeon in Sweden, Germany, Denmark, Austria, Switzerland, and the Netherlands. The series is a spinoff of "".

paragraph_text: The Northern Alberta Institute of Technology (NAIT) is a polytechnic and applied sciences institute in Edmonton, Alberta, Canada. NAIT provides careers programs in applied research, technical training, applied education, and learning designed to meet the demands of Alberta's technical and knowledge-based industries. NAIT offers approximately 120 credit programs leading to degrees, applied degrees, diplomas and certificates. As of 2018, there are approximately 16,000 students in credit programs 12,000 apprentices registered in apprenticeship training, 14,500 students enrolled in non-credit courses, and more than 20,000 registrants for customized corporate based training. NAIT also attracts international students from 94 countries. NAIT is similar to an Institute of technology or university of applied sciences as termed in other jurisdictions. The campus newspaper, the NAIT Nugget, is a member of the Canadian University Press (CUP).

paragraph_text: As a member of the European Union, Estonia is considered a high-income economy by the World Bank. The GDP (PPP) per capita of the country, a good indicator of wealth, was in 2015 $28,781 according to the IMF, between that of Slovak Republic and Lithuania, but below that of other long-time EU members such as Italy or Spain. The country is ranked 8th in the 2015 Index of Economic Freedom, and the 4th freest economy in Europe. Because of its rapid growth, Estonia has often been described as a Baltic Tiger beside Lithuania and Latvia. Beginning 1 January 2011, Estonia adopted the euro and became the 17th eurozone member state.

Question: How did the union that the European flag applies to rank Switzerland's economy?
Answer: Europe's most innovative country