Economic reforms are changes made to improve a country's economy. These changes can include adjusting laws, policies, or regulations to encourage growth, create jobs, and increase overall prosperity. For example, a government might lower taxes to help businesses invest more, or it might reduce trade barriers to allow for easier import and export of goods. Such reforms can also focus on social aspects, like improving education and healthcare, which can lead to a more skilled workforce. Successful economic reforms often lead to a better quality of life for citizens and can attract foreign investment, boosting the economy further.