Question

Summarizing use your notes to explain the seven economic and social goal most Americans share

Answer 1

American economic aims to cover the following:

1. Efficiency is the ability to withdraw wasting supplies, power, forces, money, and opportunity in producing something or in generating the wanted outcome.
2. Equity means the discrepancy within the state of the assets and the state of the liabilities of something declared.
3. Economic Freedom implies the strength of people of a community to deliver economic developments.
4. Full Employment is the state in which practically all who are capable and prepared to work are engaged.
5. Economic Growth signifies the progress in the inflation-adjusted market value of the assets and services generated by a marketplace overhead circumstance.
6. Security is self-sufficiency from or corresponding to a possible harm from outside forces.
7. Stability is a state in which a section of a body makes disturbed from a state of equilibrium or constant motion to produce forces that alter the primary condition.