monetarism
/ˈmʌnɪtərɪzəm/noun
उच्चारण मनिटरिज़म
मुद्रावाद
Advanced word
noun
- 1
[U] economics
the policy of controlling the amount of money available in a country as a way of keeping the economy strong and controlling inflation
मुद्रावाद
- Under monetarism, the central bank focuses on controlling the money supply.
- The government turned to monetarism in the 1980s to fight inflation.
◇Word family
?Which word?
Do not confuse monetary policy (decided by the central bank, such as the RBI in India) and fiscal policy (taxation and government spending, decided by the government).
Monetary policy (जो central bank, जैसे भारत में RBI, तय करता है) और fiscal policy (कराधान और सरकारी ख़र्च, जो सरकार तय करती है) में भ्रम न करें।
✓In the exam
General knowledge
Monetarism is most closely linked with the American economist Milton Friedman.
GK के लिए, monetarism का सबसे गहरा संबंध American अर्थशास्त्री Milton Friedman से है।