Economic reform

Economic reform refers to changes made to improve a country's economy. These adjustments can take various forms, such as altering tax policies, reducing government spending, deregulating industries, or restructuring state-owned enterprises. The goal is often to boost economic growth, increase efficiency, and enhance the overall quality of life for citizens. Reforms may address issues like inflation, unemployment, or income inequality. While aimed at long-term benefits, they can sometimes lead to short-term challenges, such as public resistance or economic instability, as traditional systems are disrupted for new practices and policies.