Briefly describe the following terminology (a) Fiscal policy (b) Debt burden (c) Deregulation (d) Economic integration

a) Fiscal policy is govt policy. It includes govt spending and tax policies to influence nations economy. It is also known as Keynesian economics coined by John Maynard Keynes. It states govt can influence productivity level by increasing or decreasing taxes and public spending.

b) debt burden - it arises when one individual, firms, companies or govt borrow money from another person or country etc. If not repaid in time the interest rate charges increases .

C) deregulation - remove or reduce govt regulations or barriers imposed by govt , in particular market to create more competition. Example foriegn exchange control, price control.

d) economic integration is an arrangment among nations to eliminate or reduce trade barrier and coordination of monetary and fiscal policies. It aim is to reduce costs for consumer and producers and increase trade between countries. It is regional integration among neighbour nations.