OBJECTIVES OF ECONOMICS
-
Economic Growth: Achieving a high and sustainable rate of economic growth to improve the standard of living and increase the wealth of a nation.
-
Full Employment: Ensuring that all who are willing and able to work can find employment. This helps in maximizing the utilization of human resources.
-
Price Stability: Controlling inflation and deflation to maintain stable prices. This ensures that the purchasing power of money remains relatively constant.
-
Economic Efficiency: Optimizing the use of resources to produce goods and services. This involves minimizing waste and making the best use of available resources.
-
Equitable Distribution of Income: Ensuring a fair distribution of wealth and income so that the economic benefits are shared widely among all sections of society.
-
Economic Freedom: Providing individuals the freedom to make economic decisions, such as what to produce, how to produce, and for whom to produce.
-
Sustainable Development: Promoting development that meets the needs of the present without compromising the ability of future generations to meet their own needs. This includes managing natural resources responsibly.
-
Economic Security: Protecting individuals from economic risks, such as unemployment, illness, and old age, through social safety nets and insurance programs.
-
Balance of Payments Stability: Ensuring that a country's international financial position remains stable by managing the flow of goods, services, and capital across borders.
CONTACT YOUR COURSE TRAINER THROUGH
TRAINER : DAMARIS KARIUNGI
PHONE NO : 0742574509
EMAIL ADDRESS : johndamaris21@gmail.com
- Teacher: Admin User
- Teacher: Richard Yahuma