ELI5: Explain Like I'm 5

Economic policy

Economic policy is a set of rules and regulations created by the government to help manage and improve the economy. It includes things like taxes, spending, regulations, subsidies, and other actions the government can take to influence the economy. Economic policy is designed to help the economy produce and distribute goods and services efficiently and fairly. Government intervention in the economy can help create jobs, manage prices, reduce poverty, and promote economic growth.
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