Economic security or financial security is the condition of having stable income or other resources to support a standard of living now and in the foreseeable future. It includes:
- probable continued solvency
- predictability of the future cash flow of a person or other economic entity, such as a country
- employment security or job security
Financial security more often refers to individual and family money management and savings. Economic security tends to include the broader effect of a society's production levels and monetary support for non-working citizens.
Read more about Economic Security: Components of Individual Economic Security, Economic Security of Countries, Other
Famous quotes containing the words economic and/or security:
“Under weak government, in a wide, thinly populated country, in the struggle against the raw natural environment and with the free play of economic forces, unified social groups become the transmitters of culture.”
—Johan Huizinga (1872–1945)
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