Economic stability refers to a state where an economy experiences constant growth and low inflation, leading to a predictable environment for businesses and consumers. This stability is crucial for fostering investment, creating jobs, and ensuring that individuals can plan for the future without the fear of sudden economic downturns or price fluctuations. A stable economy is often characterized by steady employment rates, manageable levels of public debt, and a balanced budget. Governments and central banks play a vital role in maintaining this stability through policies that regulate interest rates and control inflation, ensuring that the economy remains resilient against shocks and uncertainties.