Economic Policy Terminology

noun the improvement or amendment of what is wrong, corrupt, unsatisfactory, etc.

verb to make changes in something in order to improve it

• The government is planning to implement a series of reform measures to improve the economy.
• They're talking about making some changes to the system to fix things.
• They're gonna shake things up and make some tweaks to the way things are run.
• Like a caterpillar transforming into a butterfly, the reform will bring about a new and improved system.

noun tree - a woody perennial plant with a single main stem or trunk, typically growing to a considerable height and bearing lateral branches at some distance from the ground

• The concept of a magic money tree is often used in economic discussions to refer to the idea of unlimited government spending.
• Some people believe that politicians think money grows on a magic money tree and can be spent without consequences.
• I wish I had a magic money tree so I could buy whatever I want without worrying about the cost.
• The belief in a magic money tree is a dangerous illusion that can lead to financial instability.