The efforts of government to regulate and support the economy in order to protect and expand citizens' financial well-being and economic prospects, as well as supporting businesses in the global financial system, is best defined as

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Economic policy covers the broad range of actions taken by the government to manage and steer the economy, including fiscal, monetary, trade, and regulatory policies. It aims to create stable and favorable conditions for economic growth, job creation, and innovation, while also addressing issues such as inflation, unemployment, inequality, and environmental sustainability. It also involves cooperation with other countries through international economic agreements and organizations, such as the World Trade Organization and the International Monetary Fund, to promote global economic stability and development.

The Efforts of Government to Regulate and Support the Economy