1. Sufficiency Economy: a new concept in economic development, economic development 1.1 target
generally. The economy is an important goal for three reasons
.A) the efficiency is to economic growth. By always considering the growth of gross domestic production (Gross Domestio Product), which indicates that the time period 1 years. The country produces goods and services included worth much.GDP grew, it means that the society is the production of goods and services increasing continuously with more resources, people generally have more wealth. The expansion shows that economic system effectively.
.B) the economic stability is the important economic variables change quickly, no shock in the economic system. However, the general public will not change quickly make hardA stable price level of goods, means that the price level of the product does not change abruptly. People can forecast the price of goods and services. The stability of employment means.The stability of foreign exchange rate, means that the foreign exchange rate does not change suddenly. This will affect the stability of prices in the country.
.C) the equality generally refers to equal the income. When the economy is changed for the better, but it appears that the income of the people in the country have difference gradually.The situation will be worse. If the economy has changed for the better, but it appears that there are poor people more and more.
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