What is stable economy in commerce class 11th?
Understand the Problem
The question is asking for an explanation of a stable economy as it pertains to the commerce curriculum for 11th grade students. It seeks to clarify what constitutes a stable economy in economic terms, typically dealing with factors like inflation, unemployment, and overall economic growth.
Answer
A stable economy experiences steady growth, low inflation, and minimal production and employment fluctuations.
A stable economy is one where there is steady economic growth, low inflation, and minimal fluctuations in production and employment. These conditions enable predictable economic environments, fostering consumer confidence and investment.
Answer for screen readers
A stable economy is one where there is steady economic growth, low inflation, and minimal fluctuations in production and employment. These conditions enable predictable economic environments, fostering consumer confidence and investment.
More Information
A stable economy is characterized by conditions that allow individuals and businesses to make well-informed decisions, which in turn promotes overall economic wellbeing and future growth.
Tips
A common mistake is confusing economic stability with economic growth alone. Stability involves multiple factors such as inflation and unemployment, not just growth rates.
Sources
- Economic Stability - Vocab, Definition, and Must Know Facts | Fiveable - library.fiveable.me
- Economic Stability - Vocab, Definition, and Must Know Facts | Fiveable - library.fiveable.me
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