A BUOYANT ECONOMY

A bouyant economy is an economy where all the various sectors of the national economy function effectively, which leads to significant improvement in the quality of life of the people.


How to identify a bouyant economy (characteristics of a bouyant economy)

1. Modern technology is applied to increase production

2. Improvement in standard living

3. A stable political environment

4. Existence of high productivity

5. High rate industrialization

6. Increased per capita income

7. Existence of stable inflation

8. Availability of employment opportunities.

9. Improvement in infrastructure

10.  Efficient human resources.