Economic Policies

Definition

Economic policies refer to the actions and decisions made by governments or central banks to influence and manage the economy. These policies are implemented to achieve specific economic goals, such as promoting growth, reducing unemployment, or controlling inflation.

Related terms

Fiscal Policy: This term refers to government decisions regarding taxation and spending to influence the economy.

Monetary Policy: This term refers to actions taken by central banks, such as adjusting interest rates or controlling money supply, to regulate the economy.

Supply-Side Policies: These are policies aimed at increasing productivity and efficiency in order to stimulate economic growth.