In politics, the term economic policy is widely used and loosely defined. It can include any or all of the following:
- fiscal policy - including budgeting of public debt and government expenditure and managing revenue with tax policy.
- monetary policy - including managing inflation, interest rates, currency etc.
- economic development including industrial policy, investment, human resources, and employment
- trade policy - reguarding international treaties, tarrifs, subsidies and export development.
fiscal policy taxes public spending stewsinc at eol.ca" class="wiki wiki_page">monetary policy interest rate inflation central bank credit money
employment economic development
trade policy international trade, exports international treaties competition policy public interest
see also: capital, capitalism, energy economics, information economics, service economy, industry.