Economic policy refers to the strategies and actions that governments take to influence their country's economic conditions, growth, stability, and sustainability. It involves setting goals for things like employment rates, inflation, trade, investment, and fiscal management, among others. Economic policies are designed to promote prosperity, reduce poverty, create jobs, increase productivity, and maintain financial stability within a country or region. These policies can be implemented through various tools such as taxes, subsidies, regulation, public spending programs, trade agreements, monetary policy, and fiscal policy. The effectiveness of economic policies depends on their ability to address the specific needs and challenges faced by a particular economy while also considering global trends and market conditions.