Policy
Definition
Policy refers to a set of rules or guidelines adopted by an organization or government to achieve specific objectives or outcomes.
Related terms
Fiscal Policy: Government decisions regarding taxation, spending, and borrowing that affect aggregate demand and overall economic activity.
Monetary Policy: The actions taken by central banks, like the Federal Reserve, to control money supply and interest rates.
Regulatory Policy: Rules established by governments or regulatory bodies to oversee industries or sectors for public protection and fair competition.
"Policy" appears in:
Subjects (6)
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