Economic Goals and Values

By: Ramla Yassin Hour: 3

How does the achievement of one of the economic goals impact/interfere with the success of other economic goals?

If you achieve one of the economic goals everything else increases. For example, if you use resources without waste you gain Economic Efficiency which leads to Economic Equity an increase of wealth. Sometimes, It can interfere with your success for example if don't create any new innovation then you would have a product to sell thus leading to an economic fail.

Developed Country: Australia

Australia

Developed Country: Australia

Less Developed Country: Somalia

How are the economic goals valued within the country? Provide reasoning/examples.