What is economic policy?

Economic Policy Questions



80 Short 73 Medium 46 Long Answer Questions Question Index

What is economic policy?

Economic policy refers to the strategies, decisions, and actions implemented by governments or other authorities to manage and influence the economy of a country or region. It involves a range of measures and interventions aimed at achieving specific economic objectives, such as promoting economic growth, reducing unemployment, controlling inflation, ensuring price stability, fostering international trade, and addressing income inequality. Economic policy can encompass various areas, including fiscal policy (government spending and taxation), monetary policy (management of money supply and interest rates), trade policy, industrial policy, and social welfare policies.