Economic Security
Economic security refers to the stability and safety of individuals' financial situations, ensuring they have consistent access to resources such as jobs, savings, and social services. It involves having a reliable income to meet basic needs like food, housing, and healthcare, protecting people from poverty or financial crisis. Economic security is influenced by factors like employment opportunities, government policies, and economic conditions. Essentially, it helps individuals and families feel secure about their financial future, allowing them to thrive and contribute to society without the constant worry of economic hardship.
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Economic security refers to the stability and resilience of an individual's or a nation's financial situation, ensuring access to basic needs like food, housing, and healthcare. It means having stable employment, a reliable income, savings, and safety from financial crises. For governments, it involves policies that promote economic growth, reduce unemployment, and protect citizens from unexpected financial hardships, such as job loss or inflation. Overall, economic security fosters a sense of well-being and confidence in the future, enabling people to plan and invest in their lives.