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GOVERNMENT ECONOMIC POLICY, , also called budgetary policy, , - Coggle…
GOVERNMENT ECONOMIC POLICY
government economic policy refers to all the ways in which the government tries to have an impact on the economy
MAIN AIMS
low inflsation
social and income equality
full employment
THE 4 POLICIES
monetary
industrial
fiscal
direct intervention
FISCAL
how the government sets the levels of taxation and spending in the economy in order to achieve its economic goals.
MONETARY
used to control the supply of money available in an economy at a particular time.it is also used to set interest rates and to help control inflation
INDUSTRIAL
encourages development and growth of the three sectors of the economy
FDI[ foreign direct investment
indigenous firms are businesses that are established and owned by local people
also called budgetary policy