economic policy

Definition

The actions taken by a government to influence its economy. Types of economic policy actions can include setting interest rates through a federal reserve, regulating the level of government expenditures, creating private property rights, and setting tax rates.

Use economic policy in a sentence

You should make sure that you are not doing anything to violate any economic policy that might bring sanctions on you.

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The economic policy was controversial as the licenses the businesses had to apply for were extensive simply to provide a basic service.

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The overall economic policy for this administration has been modestly promotional of trade considering the many accusations from conservative congressmen of the president being a socialist.

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G-7 Structural Adjustment Loan Facility (SAL)