Macro Economic Policy - A brief explanation
Macro Economic Policy - A brief explanation The Economic policy is the term supported to explain the Government's policy on Budget, Taxes, the supply of money, interest rates on monetary view, Employment status of a country. The Government's purpose is to stable the inflation and need for long term economic growth. As simple, how the country manages its income and expenditure. The Economic policy Classified into two, Micro Economics Macro Economics Micro Economics: It tells the economics of an individual, group or a companies. The main intention for this policy, to analyse the demand and supply for the production of an individual or a business level. Macro Economics: It describes the economic policy of whole or all like Gross Domestic Product (GDP), Industrial production, Inflation, Current Deficit, Employment or unemployment statistics, the import and export data. The Macro Economic Policy: As we know that the micro econo...