Economic Policy

Definition

An economic policy refers to a set of principles and actions implemented by a government or organization to guide their approach to managing the economy. These policies can include measures related to taxation, spending, trade, and regulation.

Related terms

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

Monetary Policy: This term refers to actions taken by a central bank (like the Federal Reserve) that aim to control interest rates and money supply in order to stabilize the economy.

Trade Policy: This term relates to regulations and agreements governing international trade between countries.