Economic Policy and Regulation

Economic policy and regulation in developmental economics refer to the strategies and rules that governments implement to promote economic growth and improve living standards, especially in developing countries. This includes creating laws to support businesses, ensuring fair trade, directing resources to education and healthcare, and managing inflation. Regulations help maintain stability and fairness in the economy, while policies aim to address issues like poverty and unemployment. Together, they guide how resources are used, aiming to create a more prosperous and equitable society.