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Contemp Ace
Contemp Ace
Stability a term used by economist to describe a country’s financial system that displays
only tiny output growth fluctuations and has a long track record of low inflation.
Factors contributed to a nation economic stability.
Geographical
location
Human capital
Weather
Technology development
Infrastructure levels
Natural resources
Commodity prices
Political system
EU, America, Japan and China. These countries have a stability in their economy.
Countries that enjoy stability have continuously improving efficiencies, greater
productivity, and low levels of unemployment.
Economic instability undermines economic growth, reduces consumer confidence, and
discourage foreigners from investing in the country