how it is related to physical and social security?
2007-03-18 15:02:48 · 4 answers · asked by dianne 1 in Social Science ➔ Economics
the first step to finicial wealth is economic security-the ability to know to have a place to live and food to eat
2007-03-18 15:07:20 · answer #1 · answered by RayM 4 · 0⤊ 0⤋
I've not heard this question phrases in this manner. I don't know for sure if I'm answering your question. I think of economic security in the macro perspective where a nation can deal with its scarcity issues effectively. I think of social security as a way of providing financial back up to people based upon a need, i.e. retirement. Physical security is protection and well being. They all go hand in hand on some levels but they are all major topics in their own right.
2007-03-18 22:10:36 · answer #2 · answered by econgal 5 · 0⤊ 0⤋
The term is more relevant in a larger context say a nation striving towards economic security, than for a individual or a family.It broadly refers to the economic status in the present & future context & can include factors like economic inflows & outflows, savings & liabilities etc.Just as everything hovers about money ( read economic security) so one is definitely more secure physically & socially, if u r economically strong.
2007-03-18 23:41:38 · answer #3 · answered by pinu 4 · 0⤊ 0⤋
Never having to worry about having a place to live or food to eat.
2007-03-18 22:08:51 · answer #4 · answered by Jenny 5 · 0⤊ 0⤋