Economic Policies

Definition

Economic policies refer to the strategies and measures implemented by governments to regulate and control economic activities within a country. These policies can include taxation, trade regulations, subsidies, and monetary policies.

Related terms

Free Trade: An economic policy that promotes unrestricted international trade without tariffs or barriers.

Protectionism: An economic policy that imposes restrictions on imports through tariffs or quotas to protect domestic industries.

Privatization: The transfer of ownership/control of public assets or enterprises to private individuals or companies.