____________ can be defined as the extent to which an economy has been equipped with all the economic prerequisites for sustained economic growth.

Question

Quizplus · Accepted Answer

Economic soundness refers to the presence of all the necessary components in an economy that can help in promoting long-term and sustainable economic growth. It includes factors such as infrastructure, education, health, governance, and technological advancement. Both micro and macro economics deal with the study of different aspects of the economy but do not necessarily encompass all the elements required for economic soundness.

____________ Can Be Defined as the Extent to Which an Economy