Economy, asked by suptaroy3325, 1 year ago

Describe the various policies of economic environment.

Answers

Answered by abhi3023
0

Answer:

Policy makers undertake three main types of economic policy:

Fiscal policy: Changes in government spending or taxation.

Monetary policy:

Changes in the money supply to alter the interest rate

Supply-side policy:

Attempts to increase the productive capacity of the economy.

Answered by nehar2102
1

Various policies of economic environment are fiscal policy, supply side policy, and monetary policy.

Step by step explanation:

  • Economic policies can be defined as the policies made by the government to act and focus on the economic sector of the country.

  • Economic policies of the government includes national ownership, labour market, interest rates, government budgets.

  • Fiscal policy refers to a policy which helps the government to manage efficiently and effectively the taxes and spendings.

  • Supply side policy refers to a policy which helps in improving the ability to produce more effectively.

  • Monetary policy refers to a policy which handles the management of interest rates and money supply.
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