Economic policies are strategies implemented by governments to manage their economies. These policies can include decisions on taxation, government spending, and regulation of industries. 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, usually managed by a country's central bank, like the Federal Reserve in the United States. Fiscal policy, on the other hand, refers to government spending and tax policies, which can influence overall economic activity.