There are five goals of an economic system: efficiency, equity, security, sustainability, and growth.
An economic system is a set of principles by which a society provides for the production, distribution, and consumption of goods and services in order to satisfy the needs and wants of its people. There are many different types of economic systems, but all have five basic goals:
1. Efficiency: The economic system should produce the maximum amount of goods and services with the least amount of input.
2. Equity: The economic system should distribute resources and rewards fairly and equitably.
3. Security: The economic system should provide for the basic security and needs of all its citizens.
4. Stability: The economic system should be stable and not subject to sudden or drastic changes.
5. Growth: The economic system should allow for continued economic growth and development.
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