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

2. 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

3. 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