Which of the following is NOT considered an economic goal?
I guess none of them.
To determine which of the following options is NOT considered an economic goal, we need to identify what the economic goals are first. Economic goals are broad objectives that a society aims to achieve within its economic system. The commonly recognized economic goals are:
1. Economic growth: This refers to the increase in the production of goods and services over time, usually measured by an increase in a country's Gross Domestic Product (GDP).
2. Full employment: This goal aims to minimize unemployment and ensure that all individuals who are willing and able to work have job opportunities.
3. Price stability: This refers to controlling inflation, which is the rate at which prices are rising in an economy. The goal is to keep prices stable, avoiding excessive inflation or deflation.
4. Income distribution: This goal focuses on reducing income inequality and ensuring a fair distribution of wealth within a society.
5. Economic efficiency: This goal seeks to optimize resource allocation, maximizing the production of goods and services in the most efficient manner possible.
Now, we can examine the options provided and determine which one is NOT considered an economic goal:
A. Economic growth: This is considered an economic goal.
B. Full employment: This is considered an economic goal.
C. Environmental sustainability: This refers to promoting practices that protect the environment and ensure its long-term viability. While environmental sustainability is crucial for the well-being of society, it is not traditionally considered one of the core economic goals. Therefore, this option is NOT considered an economic goal.
D. Price stability: This is considered an economic goal.
E. Income distribution: This is considered an economic goal.
Based on this analysis, the option that is NOT considered an economic goal is C. Environmental sustainability.