Understanding of UK Economy
It is very important for any country’s government to maintain a well-balanced and growth generated economy for the betterment of the nation and their success. There are two powerful tools of the economy for Understanding of UK Economy that can be used by the government and the Federal Reserve to focus on the betterment of the economy and direct the economic condition in the right way. They are- fiscal policy and monetary policy (Fisher, 2014). If the policies are used correctly they can provide similar results for improving the economy and stimulating economic condition or slowing it down while necessary. The importance of using the economic policy at the right time is necessary to shape the …