Economic Stability

Definition

Economic stability refers to a state where an economy experiences steady growth without excessive inflation or deflation. It is characterized by low unemployment rates, stable prices for goods and services, and sustainable economic development.

Related terms

Gross Domestic Product (GDP): The total value of all goods and services produced within a country's borders during a specific time frame.

Inflation: A sustained increase in general price levels over time, resulting in decreased purchasing power.

Fiscal Policy: Government actions concerning taxation and spending that are used to influence economic conditions.