Economic Affairs

Definition

Economic affairs encompass all activities related to the production, distribution, exchange, and consumption of goods and services within an economy. It includes areas such as employment rates, inflation levels, taxation policies, etc.

Related terms

Fiscal Policy: Government decisions regarding taxation and spending to regulate the economy.

Monetary Policy: The actions taken by a central bank to manage the money supply and interest rates to control inflation and stabilize the economy.

Market Economy: An economic system where resources are allocated based on supply and demand, with minimal government intervention.