- The use of government spending and taxation policies to influence the economy.
economic policy, government expenditure, tax and spend, taxation, financial policy
Related Terms and Acronyms
- Bank of Canada (BC, BOC) — Company Est. 1935, Ottawa, Ontario, Canada, Important,
➥ Canada's central bank.
- Canada's central bank.
- Central Bank — Definition,
- An institution that manages a nation's monetary policy.
- Economic Growth — Definition,
- The rate of change in output from one year to the next.
- Fiscal Deficit — Definition,
- When the government spends more money than it receives in revenue over the course of one year.
- Fiscal Surplus — Definition,
- When the government receives more in revenue than it spends over the course of the year.
- Macroeconomics — Definition,
- A study of the economy as a whole, particularly the interaction of its various components.
- Microeconomics — Definition,
- Looking at the individual parts of the economy, with emphasis given to the market process and how it works.
- Monetary Policy — Definition,
- The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
- North American Free Trade Agreement (NAFTA) — Acronym,
- An agreement between the United States, Canada, and Mexico that allows for freer trade between the three countries.
- Policy — Definition,
- An insurance contract.
- A set of rules or guidelines.
- Tax (TX) — Acronym,
➥ Bank account transaction code.
- A levy paid by an individual or entity that is collected by a government.