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
things that make an economy good
* people have jobs
* people think it would be easy to find another job if needed or wanted
* cost of goods and services are relatively cheap to income
* inflation is low
* wages are rising
* debt is low
* debt is cheap
its very easy to quantify a bad economy; and bad news sells. no one wants to hear how good things are or how lucky they are
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