History

Economic Efficiency

Making the best possible use of scarce resources (land, labor, capital, and technology).

Economic Equity

Ensuring that the benefits of economic activity are fairly distributed among members of society.

Economic Freedom

The ability of individuals and businesses to make their own economic choices — what to produce, what job to take, what to buy, etc.

Economic Security and Stability

Protecting individuals from severe economic risks (such as unemployment, poverty, illness, or inflation) and ensuring the economy remains relatively stable over time.

Economic Growth

An increase in the economy’s output of goods and services and the rising standard of living that should accompany it.