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Wirtschaftspolitik

economic policy

noun VIRT-shahfts-po-li-tik Rare

Usage Note

Wirtschaftspolitik encompasses all government measures affecting the economy, including tax policy, labour law, trade policy, and subsidies; in German ordoliberal tradition it stresses market competition alongside social balance.

Examples

"Die Wirtschaftspolitik der Regierung soll Investitionen in erneuerbare Energien fördern."

Natural Translation

The government's economic policy is meant to promote investment in renewable energies.

Literal Translation

The economic policy of the government should investments in renewable energies promote.

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