Economic policy goals and conflicting goals

Economic Policy Goals

The four quantitative goals of economic policy are: high employment, price stability, economic growth and external balance, including avoiding external debt, for example. In addition, there are two qualitative goals: a socially fair distribution of income and assets and environmental protection. These economic policy goals are called Magic hexagon designated.

Conflict of goals

A conflict of goals always arises in economic policy when at least two economic policy goals cannot be achieved at the same time. The best-known economic policy conflict is that between high growth and price stability.