What is economic and social policy?
economic policy and social policy must be defined before an analysis of their relationships is undertaken. Economic policy may be defined as the forming of social economic actions 1 by the institutions bearing public responsibility according to set objectives which are primarily economic.
Which of the following best describes the difference between microeconomics and macroeconomics?
Microeconomics deals with the study of individual variables like firms, workers, consumers, and investors and how they influence the market, whereas, macro economics deals in the study of a nation's aggregate demand, aggregate supply, national income, aggregate employment and unemployment , inflation etc.
What economic policy means?
Economic policy covers a wide range of measures which governments use to manage their economy. These include monetary policy (money supply and demand), taxation, budget, job creation, etc.
What is economic policy quizlet?
Economic Policy. -actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.