Economic strategy refers to a plan or approach that a government or organization uses to manage its economic resources and activities. This can include policies on trade, investment, taxation, and public spending aimed at promoting growth, stability, and overall prosperity. Effective economic strategies often consider factors like inflation, unemployment, and international competition. A successful economic strategy may involve collaboration with various stakeholders, including businesses, labor unions, and community organizations. By aligning interests and resources, these strategies can help create jobs, improve infrastructure, and enhance the quality of life for citizens. Examples of economic strategies can be seen in the policies of John Maynard Keynes or the European Union.