Evaluating Economic Performance

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Presentation transcript:

Evaluating Economic Performance Ch. 2, Section 2 Evaluating Economic Performance

Economic and Social Goals Economic Freedom- ppl can choose occupation, employer, and how to use their money. Businesses choose where and how to prod Economic Efficiency- using resources wisely Economic Equity- protecting us from discrimination and unfair business practices

Goals (cond) Economic Security- protection from job layoffs, illnesses. Social Security when you retire Full Employment- keeping employment at 95% or higher Price Stability- keep inflation at a minimum; fixed incomes; high interest rates Economic Growth- needed so ppl can have more goods and services