Economic policy is a direct reflection of a government's ideology and priorities. Policies concerning taxation, spending, and welfare are influenced by the governing party's stance on issues like equity, growth, and social responsibility. For instance, a government prioritizing free-market principles may implement lower taxes and deregulation, while one focusing on social equity might advocate for increased social services and progressive taxation. Through these choices, economic policy becomes a tool for implementing and promoting the underlying values and goals of a government, shaping societal structures and expectations.