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Economic security is the resilience of the systems that provide a nation, region, community, individual or family with a basic standard of living. This implies management of risk and the design of systems to endure stress. The following are common types of economic security.
The resilience of systems that provide water for human well-being and economic production. This includes access to water and management of risks such as water pollution and water-related disasters including floods.Food SecurityAccess to a stable and adequate supply of nutritious food for everyone in a community. Management of risks to the food supply such as the risk of a supply chain disruption. For example, a region that grows much of its food locally is more resilient to a dispute that shuts down trade.
Communities with clean air and a low risk of an air quality emergency. Energy SecurityEnergy security such as a local system of distributed electricity production based on renewable energy.ShelterAccess to shelter and management of risks to shelter such as disasters. For example, a city where everyone has sufficient shelter that is engineered to be resilient to fire, earthquakes and floods.
HygieneBasic standards of hygiene such as management of waste. Management of risks to hygiene such as disasters.Basic IncomeSocial programs that provide a livable sum of money to all or to all that are in need.Provisioning of essential public services such as healthcare.
EmploymentEconomic systems that provide a stable system of employment.Transportation systems and urban environments that aren't easily disrupted. Economic StabilityManaging the risks of an economic failure such as a recession, depression or period of high inflation or deflation.
Wealth, Debt & LiquidityThe ability of a nation, region, city, community, individual or family to meet its fixed expenses in the short and long term.Financial StabilityThe resilience of financial systems. For example, a banking system with adequate reserves and systems for managing risk.The resilience of markets such as regulations that guarantee free competition.
Physical SecurityMeasures to protect people and property from physical harm such as a justice system that protects people from crime and infrastructure that protects people from natural disasters.The security of technology that underlies critical systems such as financial institutions, public services, infrastructure and production.|
| Type | | | Definition | The resilience of the systems that provide a nation, region, community, individual or family with a basic standard of living. | | Related Concepts | |
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