Economics is the is the branch of the social sciences that uses mathematical models and statistical analysis to study how people make decisions to cope with scarcity. While originally focused on business, trade and consumer behavior, economics is increasingly in competition (and cooperation) with sociology and biology as the methodology for developing an overarching theory of human behavior. The influence of economics as an academic dicipline has led to the vast majority of nations adopting a market economy, free markets and free trade as the main features of their economic policy.
fiscal policy relates to taxes and public spending
stewsinc at eol.ca" class="wiki wiki_page">monetary policy relates to interest rate, inflation central bank, credit and money.
economic policy in general typically relates to both of the above, employment, and economic development.
trade policy relates to mainly international trade, exports and international treaties reguarding trade.
competition policy regulates the behavior of companies in the domestic market to protect the public interest
see also: capital, capitalism, socialism energy economics, information economics, service economy, industry.
Most political parties tend to speak of the economy as if money was the only thing that really mattered. The Green party would offer an alternative view that life is more important. That is why the green party advocates for an economy which values the diversity of life on our planet and the quality of life of all people. We believe that societies thrive when they equally honor and support the creative, the cooperative and competitive achievements.
see: green economic policy.