economic policy

English - Turkish

Definition of economic policy in English Turkish dictionary: ekonomik politika; (Ticaret) ekonomi siyasası; ekonomi politikası

English - English

Definition of economic policy in English English dictionary: A statement of objectives and the methods of achieving these objectives (policy instruments) by government, political party, business concern, etc Some examples of government economic objectives are maintaining full employment, achieving a high rate of economic growth, reducing income inequalities and regional development inequalities, and maintaining price stability Policy instruments include fiscal policy, monetary and financial policy, and legislative controls (e g , price and wage control, rent control); Special type of participating whole life insurance in which the dividends are used to buy term insurance or paid-up additions equal to the difference between the face amount of the policy and some guaranteed amount; a government policy for maintaining economic growth and tax revenues; system according to which a country or community manages its income and expenditures
New Economic Policy: Economic policy of the Soviet Union (1921-28). A temporary retreat from the failed War Communism policy of extreme centralization and doctrinaire socialism, the new measures included the return of most agriculture, retail trade, and light industry to private ownership (though the state retained control of heavy industry, banking, transport, and foreign trade) and the reintroduction of money into the economy. The policy allowed the economy to recover from years of war. In 1928 chronic grain shortages prompted Joseph Stalin to begin to eliminate private ownership of farmland and to collectivize agriculture under state control, effectively ending the NEP. By 1931 state control was reimposed over all industry and commerce
new economic policy: method of managing economic affairs that was introduced in the Soviet Union in the 1920s, policy allowing a small degree of private enterprise while the state remained in control of the general economic situation