What makes an economy objectively “good”? People seem to complain about the economy being “bad” all the time but who/what determines if it’s truly “good” or “bad”?

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What makes an economy objectively “good”? People seem to complain about the economy being “bad” all the time but who/what determines if it’s truly “good” or “bad”?

In: Economics

13 Answers

Anonymous 0 Comments

People earning enough to pay for housing+food and have money left over for entertainment+hobbies = economy good

People not earning enough to pay for housing+food and don’t have money left over for entertainment+hobbies = economy bad

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