Economic rights are part of a range of legal principles based on the philosophy of human cultural and social obligations in which economic equality and freedom are preserved. Economic and social rights are granted to Americans fulfilled by the government in an effort to ensure that citizens have the ability to maintain their needs.Know More
The main economic and social rights include the right to education, the right to food, the right to health, the right to housing, the right to social security and the right to work. These rights do not guarantee that every American citizen will have all of these, but they do guarantee that every American citizen will be given the opportunity to have all of these basic rights. The government must respect, protect and help to fulfill all of these basic human economical rights.
These rights were created to guarantee that every American be given the opportunity to have all of the necessary means for living. These rights are not based on gender, age or race, and they apply to every adult in the United States. These rights cannot be taken away, but they can be restricted based on the choices that the citizen has made and the circumstances they have created for themselves. All Americans are entitled to these rights, but not all Americans choose to use the rights to help better their lives.Learn more in Economics
Economic instability refers to a community or nation experiencing financial struggles due to inflation, consumer confidence issues, unemployment rates, and rising prices. Economic instability affects businesses' ability to thrive, the cost of living, and the physical, emotional and financial well-being of consumers and families.Full Answer >
An economic map is a map that illustrates various economic activities or phenomena that take place in a particular area. This type of map features a variety of symbols and colors referring to particular economic activities.Full Answer >
Economic disequilibrium is a state where market equilibrium is unreachable due to internal or external variables. Disequilibrium can also occur when internal or external variables result in a disruption to the balance in the market. It is also a result of long-term structural imbalances or short-term changes in market variables.Full Answer >
Economic profit is the total revenue generated by a business minus total opportunity costs. It is a more theoretical way of looking at a company's profitability that differs from the standard accounting profit reflected on the company's income statement, which simply subtracts the cost of producing goods and services from total revenue.Full Answer >