The decisions made by the State or Nation to try to improve the Economy, through taxes, subsidies and aid, are part of the economic policy from a country. It could be said that economic policy is, therefore, the action plan of a country as far as the economy is concerned and that it seeks a modification in the behavior of individuals, both individuals and companies, to direct their economic interests towards one or other sectors of the economy.
In this article you will find:
Types of economic policy
The economic policy It is divided into several competitions:
- Macroeconomic policy, one that is responsible for maintaining the value of the country's money.
- Commercial policy. The one that regulates the agreements for the improvement of commercial relations inside and outside the country.
- Economic growth policies. It is responsible for improving the economy from the commitment to credit to the company or individuals, and investment.
- Economic development policies. Its strategies are based on a commitment to R + D + i and also to policies that favor development in underprivileged areas of the country.
- Redistribution Policies wealth.
- Economic policy regulations. The different regulations and standards that regulate the performance of economic policy and the framework in which it can be applied in each of its types.
- Industrial policy. Industry, as one of the fundamental engines of the wealth of a country, has a policy that regulates its development and growth.
What are the objectives of economic policy?
The ultimate objective of the economic policy of a country, which is carried out through different strategies, is the regulation of economic activities looking for the best economic performance for the country. In this sense, by means of help, agreements, credit or taxes, it is intended to favor certain sectors of the Economy and limit others.
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What tools does economic policy use?
The economic policy has different tools that you can use based on each of the policy types. Tools such as fiscal policies, public spending or investments are reviewed annually, always seeking an improvement in the General Economy.
