SSEF4: Social and Economic Goals

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Presentation transcript:

SSEF4: Social and Economic Goals

6 Social and Economic Goals Efficiency Equity Freedom Growth Stability Security

Efficiency Produce what people want and need Use limited resources to produce as much as possible

Equity Fairness Ensure everyone in society receives certain goods/services Job Housing

Freedom Free to choose What to buy and sell Where to work and live Open or close a business Save or spend money

Growth Increases in overall society production of goods and services Increases standard of living for population Comes from investment in capital resources/goods EX: 2011 2012

Security Desire to protect consumers and producers from risks that they can’t control EX: job loss, disability, business and bank failure, natural disaster Insurance and government programs offer protection

Stability Steady economic growth Employment stability Price stability

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