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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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