Meaning of the word "economic policy" in English

What does "economic policy" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

economic policy

US /ˌiː.kəˈnɑː.mɪk ˈpɑː.lə.si/
UK /ˌiː.kəˈnɒm.ɪk ˈpɒl.ə.si/

Noun

a government's course of action to influence its economy, including decisions about taxation, government spending, and money supply

Example:
The new government announced a series of changes to its economic policy.
Debates over economic policy often dominate political campaigns.