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Define the term 'economic stability'.

1 Answer

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Final answer:

Economic stability refers to a state of a country's economy with consistent economic growth, low and consistent unemployment rates, and stable prices.

Step-by-step explanation:

Economic stability refers to a state of a country's economy where there is consistency and predictability in key economic indicators. These indicators include consistent economic growth, low and consistent unemployment rates, and stable prices. When these measures are met, it fosters an environment that encourages people to spend money in the economy, leading to growth and improvement.

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