Final answer:
A stable society displays a unique Pareto stable allocation, emphasizes the role of social institutions in promoting peaceful interactions, and values slow social change to maintain stability.
Explanation:
Characteristics of a Stable Society
- Unique Pareto stable allocation: A stable society exhibits a unique Pareto stable allocation, where resources are distributed efficiently without making anyone worse off.
- Social institutions: Social institutions establish rules and procedures to promote peaceful interactions, social stability, and prevent conflicts over scarce resources.
- Slow social change: Stability in society is maintained when there is gradual and controlled social change, as rapid changes can disrupt social order and stability.
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