Which of the following best defines economic wellbeing?

Economic wellbeing is best defined as the state of having sufficient financial resources and stability to meet one’s basic needs, such as food, shelter, and healthcare, while also allowing for opportunities to improve one’s overall quality of life. It encompasses the idea of job security, meaning that individuals have stable employment that provides them with a reliable income. Furthermore, access to resources such as education, healthcare, and financial services plays a critical role in enhancing economic wellbeing, as it empowers individuals to participate fully in society and work towards their personal and family goals.

While other options focus on different aspects of wellbeing—like social interactions, cultural engagement, and spiritual development—these do not directly address the economic component that is integral to financial stability and security. Economic wellbeing specifically pertains to the material support necessary for individuals to thrive in society, making job security and access to resources the most relevant factors in this definition.