List and describe briefly the economic policy objectives of the nation.

The basic and fundamental economic policy objective of the nation is:

• The growth of the economy should be fast: Every county aims to accelerate its economic growth. The term economic growth refers to the increase in productive capacity and increases in the national income. Fast economic growth refers to the more employment along with a good standard of leaving.
• Decreases in inequality of income and wealth: Through the differences in ownership of property and many more reasons shows the inequalities of income and wealth. The Inequality of the income could be decreased by duties death, income tax, and taxes on the unearned income. The government may also provide benefits to poor people, which could be subsidized food and so on.
• Full employment: The government has a responsibility to provide employment opportunities to the people. If the economy does not create sufficient opportunities for employment then it would lead to a fall in both the aggregate demand and production.
• Stability of the price: The price stability is the most important for economic growth. If there is an increase or decrease in the price, it leads to destabilizing effect in the economy. The government may reduce these fluctuations by using various policies such as price cap on products.