Macro regulation is the policy measures implemented by the government to regulate the operation of the market economy.
In a market economy, the supply and demand of goods and services are affected by the law of prices and the free market mechanism. The market economy brings about economic growth, but it will lead to inflation. The recession followed by the climax makes the economy stagnate or even regress. This cyclical fluctuation has a serious impact on social resources and productivity. Therefore, macro-control focuses on the economic operation of the whole society, and achieves the goal of economic planning by artificially adjusting supply and demand.
The basic objectives of macro-control include four aspects, namely, promoting economic growth, increasing employment, stabilizing the overall price level and maintaining the balance of international payments.
(Editor in charge: Zang Mengya)
