economic policy
Government spending decisions
Economic policy is the set of decisions and actions a government takes to influence its economy—taxing, spending, regulating trade, controlling money supply, setting interest rates.
The term encompasses both fiscal policy (government budgets) and monetary policy (central bank actions): The administration's economic policy favored tax cuts over increased spending.
Economic policies reflect competing priorities: growth versus stability, equality versus efficiency.
- inflationSustained price level increase
- cost of livingPrice of basic necessities
- tariffTax on traded goods
- growthIncrease in size
- wage growthIncrease in compensation
boom and bust · finance · budget · budget cuts · free trade · resource allocation · austerity measures · interest rates · external debt · neoliberalism · quantitative easing · government spending · sovereign debt · deficit · debt ceiling · supply side · trickle down · tax incentives
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- policiesact, code of conduct, terms of service, bill, dress code
- economic historystock market crash, Industrial Revolution, trade routes, Great Depression, gold standard
- Global Economicsfree trade, trade pacts, trade blocs, international trade, global trade
- Government Policysocial welfare, gun control, social programs, poverty reduction, border protection
- public policypublic administration, public affairs, think tanks, defense budget, public housing
economic policyforeign policy
International relations strategy
social policy · defense policy · environmental policy · education policy · immigration policy
economic policylaissez-faire
Noninterference in commerce
deregulation · free market · non-interventionism · anarcho-capitalism
policy, economy, economic, economical, economics, policies, polity, economically, uneconomic