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
At the very core, the difference between a good economy and a bad economy is money movement.
If people are earning money and spending money, your economy is good. If people are scared to spend money, then it’ll be bad.
Interest rates, inflation, taxes, etc. All these are just ways too incentivize people to spend money.
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