define economic security
Answers
Answer:
Economic security or financial security is the condition of having stable income or other resources to support a standard of living now and in the foreseeable future.
Answer:
The ICRC defines economic security as the ability of individuals, households or communities to cover their essential needs sustainably and with dignity. This can vary according to an individual's physical needs, the environment and prevailing cultural standards. Food, basic shelter, clothing and hygiene qualify as essential needs, as does the related expenditure; the essential assets needed to earn a living, and the costs associated with health care and education also qualify.
The ICRC's Economic Security (EcoSec) Unit, which is part of the Assistance Division, seeks to establish if people affected by different kinds of crisis and conflict can cover their essential needs sustainably. If they cannot do so, EcoSec steps in to help protect lives and restore livelihoods.