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Policy is generally directed to achieve particular objectives, like targets for inflation, unemployment, or economic growth. Sometimes other objectives, like military spending or nationalization are important. These are referred to as the policy goals: the outcomes which the economic policy aims to achieve. To achieve these goals, governments ...
The New Economic Policy(NEP) (Russian: Новая экономическая политика (НЭП), romanized:Novaja ekonomičeskaja politika) was an economic policyof the Soviet Unionproposed by Vladimir Leninin 1921 as a temporary expedient. Lenin characterized the NEP in 1922 as an economic system that would include "a free marketand ...
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.
Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and price stability (normally interpreted as a low and stable rate of inflation ). [ 1][ 2] Further purposes of a monetary policy may be to contribute to economic ...
The ecological effects of economic activity spur research upon changing market economy incentives. Additionally and more recently, ecological theory has been used to examine economic systems as similar systems of interacting species (e.g., firms). [60] Cultural studies examines social class, production, labor, race, gender and sex.
v. t. e. Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. [1] Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP).
In economics and political science, fiscal policy is the use of government revenue collection ( taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach ...
Public policy. Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions [1] [2] to solve or address relevant and real-world problems, guided by a conception [3] and often implemented by programs. These policies govern and include various aspects of life such as education, health ...