Economic Goals Overview

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Economic Security, Economic Stability, Economic Growth, Economic Freedom, Economic Efficiency, Economic Equity

Wise use of available resources to obtain the greatest benefits possible. (A) Signup and view all the answers

Maintaining stable prices, full employment, and smooth economic growth. Signup and view all the answers

The freedom to feel safe no matter where we are. Signup and view all the answers

The freedom to own property, make a profit, and make choices about what to produce, buy, and sell. Signup and view all the answers

The ability of the economy to produce increasing quantities of goods and services. Signup and view all the answers

The attempt to balance an economic policy so that everyone benefits fairly. Signup and view all the answers

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Achieving one economic goal can conflict with others, illustrating the trade-offs in policy decisions.

Economic Security: Ensures safety and stability in financial circumstances.
Economic Stability: Aims for steady prices and employment while promoting smooth economic growth.
Economic Growth: Involves increasing output of goods and services within an economy.
Economic Freedom: Grants individuals the right to own property and make economic choices freely.
Economic Efficiency: Focuses on optimal use of resources to maximize benefits.
Economic Equity: Strives for fairness in economic policies, ensuring equitable distribution of resources and benefits.