economic stimulus package

An economic stimulus package is a government plan to boost the economy during periods of slowdown or recession. It typically involves government spending on projects, tax cuts, or direct financial support to individuals and businesses. The goal is to increase spending, create jobs, and stimulate demand, helping to jump-start economic growth. By putting more money into people's hands or funding key initiatives, the government aims to encourage businesses to invest and consumers to spend, ultimately helping the economy recover and grow more quickly.