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N. K. Gupta posted an Question
April 02, 2021 • 22:12 pm 30 points
  • UGC NET
  • Commerce

Fiscal policy definition simple words

fiscal policy definition simple words . fiscal policy I don't understand please explain it's very simple words

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  • Rucha rajesh shingvekar best-answer

    Fiscal policy, in simple terms, is an estimate of taxation and government spending that impacts the economy. Fiscal policy is an important instrument to stabilise the economy, that is, to overcome recession and control inflation in the economy. Fiscal policy is of two kinds: Discretionary fiscal policy and Non-discretionary fiscal policy of automatic stabilisers.

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