BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Fiscal policy is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.

Detailed explanation-2: -A healthy fiscal policy is important to control inflation, increase employment and maintain the value of money. It has a very important role in managing the economy. Taxation-regulating which the government increases or decreases the disposable cash in the hands of the public.

Detailed explanation-3: -Fiscal policy is therefore the use of government spending, taxation and transfer payments to influence aggregate demand. These are the three tools inside the fiscal policy toolkit.

Detailed explanation-4: -fiscal policy, measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures. Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals.