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
There will always be people who are having a good time and a bad time given any state of the economy. A “good” economy could be seen as a healthy balance somewhere in the middle.
People have enough money to buy what the need, but not so much money that prices get driven up.
There are jobs available to people to find work, but not so many jobs available that companies are understaffed.
Interest rates are high enough that people are encouraged to invest, but not so high that loans (which includes buying a home) are unaffordable.
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