The set of strategies and actions implemented by a government to manage its own economy within its borders.
Related terms
Fiscal Policy: Government decisions regarding taxation and spending aimed at influencing economic conditions (e.g., increasing government spending during recessions).
Monetary Policy: Actions taken by a central bank (like the Federal Reserve) to control interest rates and money supply in order to stabilize prices and promote economic growth.
Economic Stimulus: Measures taken by the government (such as tax cuts or increased public spending) to boost consumer spending and investment during times of recession or sluggish economic growth.