What are the different types of economic policies?

There are several different types of economic policies, including fiscal policy, monetary policy, trade policy, industrial policy, and regulatory policy.

1. Fiscal policy refers to the government's use of taxation and spending to influence the overall economy. It involves decisions on government spending, taxation rates, and budget deficits or surpluses.

2. Monetary policy involves the management of the money supply and interest rates by the central bank. It aims to control inflation, stabilize prices, and promote economic growth.

3. Trade policy focuses on regulating international trade and includes measures such as tariffs, quotas, and subsidies. It aims to protect domestic industries, promote exports, and regulate imports.

4. Industrial policy involves government interventions to support specific industries or sectors. It includes measures like subsidies, tax incentives, and regulations to promote growth and competitiveness.

5. Regulatory policy refers to the government's role in setting and enforcing rules and regulations to ensure fair competition, consumer protection, and environmental sustainability. It includes measures such as antitrust laws, consumer protection regulations, and environmental regulations.