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English definition of “Reaganomics”

Reaganomics

noun [U]
 
 
/ˌreɪɡəˈnɒmɪks/ informal
POLITICS, ECONOMICS the set of economic ideas followed by Ronald Reagan when he was US President in the 1980s. They included lower taxes and spending on public services, and less government control of the economy: The massive tax cuts of "Reaganomics" led to an unprecedented period of economic prosperity, but were also responsible for huge budget deficits.
(Definition of Reaganomics from the Cambridge Business English Dictionary © Cambridge University Press)
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