What is the primary goal of economic policy? (2023)

What is the primary goal of economic policy? (2023)

Step 1: Understand that economic policy refers to the actions taken by the government to manage the economy.
Step 2: Recognize that the main aim of these actions is to promote economic growth.
Step 3: Realize that economic growth means an increase in the production of goods and services.
Step 4: Know that when the economy grows, it can lead to better living standards for people.
Step 5: Understand that improved living standards mean people can afford better healthcare, education, and housing.
Step 6: Finally, recognize that economic stability is also important, as it helps prevent crises and ensures consistent growth.

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