Economic Policies
Definition
Economic policies refer to government strategies and actions aimed at managing economic activities within a nation or region. These policies can include taxation, trade regulations, subsidies, or monetary measures.
Analogy
Think of economic policies as the rules set by teachers in a classroom to maintain order and promote effective learning among students.
Related terms
Tariffs: Taxes imposed on imported goods to protect domestic industries or generate revenue for the government.
Laissez-faire: An economic philosophy advocating minimal government intervention in market activities.
Inflation: A sustained increase in the general price level of goods and services in an economy over time.
"Economic Policies" appears in:
Subjects (5)
Practice Questions (4)
Which of the following best compares the economic policies of the Republican Party and the Democratic Party during the Reconstruction Era?
Which European power's exploration efforts in the Americas pioneered the use of mercantilism that later influenced economic policies during the American Revolution?
How did the economic policies of Alexander Hamilton differ from those of Thomas Jefferson during their time in office?
How do the economic policies during the Progressive Era and the New Deal compare?
Are you a college student?
Study guides for the entire semester
200k practice questions
Glossary of 50k key terms - memorize important vocab
Resources
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.