Practicing Success
Purpose of economic policy of a country is to regulate which of the following? |
Political Environment Social Environment Economic environment Both 2 and 3 |
Economic environment |
The purpose of economic policy of a country is primarily to regulate the economic environment. Economic policy includes decisions and actions taken by a government to influence and control its economy. This may involve measures related to taxation, government spending, monetary policy, trade policy, and other factors that impact the overall economic health of the nation. While economic policies can have indirect effects on the political and social environment, the primary focus is on managing economic factors such as inflation, unemployment, economic growth, and stability. |