Economic policy refers to the actions and strategies implemented by governments and institutions to manage and influence a nation’s economy. It encompasses a wide range of decisions regarding taxation, government spending, monetary policy, trade regulations, and labor laws, which aim to achieve specific economic goals such as growth, stability, and equitable distribution of resources. Economic policies can be classified into two main types: fiscal policy, which involves changes in government spending and taxation, and monetary policy, which involves managing the money supply and interest rates to control inflation and stabilize the currency. Overall, economic policy plays a critical role in shaping the economic environment, impacting employment levels, inflation rates, and overall economic performance.
Trump is considering a deal with Ukraine involving rare earth metals, essential for technology and green energy. Ukraine holds approximately 5% of global rare earth mineral resources, changing resource dynamics…