Economic policies are strategies implemented by governments to manage their country's economy. These policies can include measures related to taxation, government spending, and regulation of markets. The goal is to promote economic growth, reduce unemployment, and maintain price stability. There are two main types of economic policies: monetary policy and fiscal policy. Monetary policy involves controlling the money supply and interest rates, typically managed by a country's central bank, such as the Federal Reserve in the United States. Fiscal policy, on the other hand, refers to government spending and tax policies aimed at influencing economic activity.