Stabilization

The term stabilization invokes an economic meaning. However, in the wider sense of the interaction between economy and society, the concept of stabilization is the relationship between economic and social forces. One such theme is poverty and poverty alleviation, contributing to the interplay of economic and social factors in attaining stabilization overall in the social order. In the usual parlance of economic stabilization, it denotes a state of economic stability, wherein the ups and downs of economic fluctuations are smoothed out while the economy grows productively to its potential level of output. The corresponding output mobilizes employment of human resources and other productive factors used in attaining the potential level of production. Economic stabilization thus carries the properties of noninflationary output and factor employment until ...