Economic security is the state of an important economic object, which is determined by the stability of income and other resources that allow not only to maintain a given standard of living at the present time, but also to plan various indicators for some time to come. Financial security includes the stability of employment, the preservation of solvent qualities, the use of cash flows of an economic entity in the future.
In macroeconomics, ensuring economic security is seen as the sustainability of economic development processes, as well as the economic and social stability of society. All of the above aspects and processes should take place regardless of the action or even the presence of any external factors.
Thus, economic security is a combination of political, economic, social and scientific-technological factors that determine the level of national sovereignty. Such independence is achieved due to the small influence of the dominant economy, as well as if the state of social, domestic political and economic aspects is within acceptable limits.
National economic security is at an appropriate level due to the action of some determining factors:
1. The military-political power of the state.
2. Competitive position in the most important areas of the country's development.
3. The economic and geographical location on the territory of the state of the productive forces.
4. Support industries of the industrial economy.
5. Reserves of the most important material resources of the highest and first order in appropriate volumes to ensure normal life in the event of force majeure.
In turn, the aspects due to which economic security is ensured are factors that influence the preservation of the most effective level:
1. Budget control.
2. Optimization of the economic and political systems of government.
3. A comprehensive review of the conditions for the prevention of various emergencies, as well as analysis of the most effective recovery ways.
4. Investing in the development and implementation of the latest technologies.
5. Development of legislative documentation ensuring the economic security of the state.
6. Effective fight against corruption at all levels of social activity.
7. Optimization of the activities of special services and the army.
In connection with all of the above factors, economic security is a special state of the state’s economy, which helps to protect the national interests of the country, stability and independence from external and internal threats, protect the most important aspects of the life of citizens, as well as the ability to develop social, economic, political and other systems of society and the state as a whole. Vital factors, in turn, are the totality of material and intangible goods that satisfy the needs of the individual and society for progressive development.
