economic reform
Economic reform refers to changes made to improve a country's economic system. These changes can include policies aimed at increasing efficiency, promoting growth, and reducing inequality. Governments may implement reforms in areas such as taxation, trade, and labor markets to create a more favorable environment for businesses and individuals.
Such reforms can take various forms, including deregulation, privatization, and investment in infrastructure. For example, a government might reduce restrictions on business operations to encourage entrepreneurship or invest in public transportation to enhance connectivity. The ultimate goal of economic reform is to foster a more robust and sustainable economy.