what is meant by policies in economics?
Dear student,
Policies in economics means any actions taken up or intended to be taken by the government that would influence the economy. For example, there can be economic policies in the form of changes in taxation, etc. Similarly, there can be policies with regard to social areas such as reduction in poverty.
Policies in economics means any actions taken up or intended to be taken by the government that would influence the economy. For example, there can be economic policies in the form of changes in taxation, etc. Similarly, there can be policies with regard to social areas such as reduction in poverty.