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Meaning of “Reaganomics” in the English Dictionary

"Reaganomics" in Business English

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Reaganomicsnoun [U]

uk   us   /ˌreɪɡəˈnɒmɪks/ informal
POLITICS, ECONOMICS the set of ​economicideasfollowed by Ronald Reagan when he was US ​President in the 1980s. They ​includedlowertaxes and ​spending on ​publicservices, and less ​governmentcontrol of the ​economy: The ​massivetaxcuts of "Reaganomics" ​led to an unprecedented ​period of ​economicprosperity, but were also ​responsible for huge ​budgetdeficits.
(Definition of Reaganomics from the Cambridge Business English Dictionary © Cambridge University Press)
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