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Nov 21, 2023 · An economic policy is any activity that tries to influence or manage an economy. The government normally implements and administers the economic policy. Taxation, government...
Apr 7, 2024 · Economic policy refers to the actions that governments take in the economic field. It encompasses the methods by which governments attempt to manage the economy and influence economic variables such as total national production, employment, inflation, and the balance of payments.
Economic policy can be broadly classified into three areas: fiscal policy (issues related to taxation, government spending, and public deficit), monetary policy (interest rates and inflation), and trade policy (tariffs and trade agreements). See also economic planning.
Economic policy is defined as the actions a government takes to control elements of the economy, such as the budget, money supply, interest rates, and fiscal policy. It ultimately aims to manage economic issues and promote sustainable growth.
About. Outcomes. Modules. Recommendations. Testimonials. Reviews. What you'll learn. Master macroeconomic indicators, fiscal policy, and real-world deficits, debts, and monetary policy. Explore exchange-rate and structural policies, policy interactions, and policy challenges in leading economies.
Feb 23, 2021 · Economic policies are the end results of economic planning: the decisions governments make to influence the production, consumption, and sharing of wealth.
1 The Nature and Scope of Economic Policy* The objective of this chapter is to develop both the basic context in which the concept of policy in economics ultimately has meaning and the funda mental issues and problems of economic policy which comprise the substance of that meaning.
