A general understanding of Economic Policy includes strategies, values and programmes adopted by a government. It helps in standardising the economy of a State/country to include growth, stability, equity and sustainability. It also involves outcomes on production, distribution and consumption of goods and services which affects individuals, businesses, and society as a whole. In short, an Economic Policy includes fiscal, monetary, trade and development policies which provides critical lessons for a government.
https://www.iipa-krb.org.in/admin/uploads/pdf/IIPA-KRB_Newsletter-December_2024.pdf
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