National Security and Economic Security

At the national level, economic security refers to a nation's potential to meet its own set of
developmental goals for its economy. This ability is what distinguishes one nation from another.
There are instances in which a clear connection may be drawn between this idea and the idea of
national security. This encompasses a broad variety of themes, some of which include the
balance of trade, the impact of foreign investments on local markets, and the cooperation
between the public and private sectors.

The concept of economic security is inextricably linked to the idea of national economic well-
being, which has traditionally been evaluated in terms of gross domestic product (GDP).
However, throughout the course of the last several years, the meaning of the term has become
more expansive to include ideas like "national happiness."

A welfare state is a government entity that is committed to guaranteeing baseline protections for
the well-being of its citizens as a way of protecting against the market risks that arise from old
age, misfortune, or unemployment. This is done as a way to protect against the market risks that
arise from old age, misfortune, or unemployment. There is a connection between the idea of a
welfare state and the notion of economic security. A welfare state is a kind of government that is
dedicated to providing its residents with a certain level of fundamental guarantees for their well-
being.