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:
“Weapons are an important factor in war, but not the decisive factor; it is people, not things, that are decisive. The contest of strength is not only a contest of military and economic power, but also a contest of human power and morale. Military and economic power is necessarily wielded by people.”
—Mao Zedong (1893–1976)
“A well-regulated militia being necessary to the security of a free State, the right of the people to keep and bear arms shall not be infringed.”
—U.S. Constitution, Second Amendment.