Respuesta :
Local and state government polices can influence the economy by fiscal policy.
Fiscal policy
Fiscal policy is the policy of government spending and tax to impact the economy. Governments generally use fiscal policy to encourage strong and sustainable growth and decrease poverty.
Local and state government policies
Local governments are critical actors in economic development in India. Ideally, they play a significant role in the execution of national economic development programs, and they seek local economic development policies to support economic growth.
State economic development policies need to hit a balance. They require to be aligned with national economic policy preferences, but they also need to be adjusted to the local context.
Pros:
-Little area to observe and manage
-Familiarity by the government with the region
Cons:
- Regulations may be misaligned with the National or Regional Level
-If the Local Government is corrupt, there will be a major hindrance to the development
To learn more about local and state government polices from the given link https://brainly.com/question/26172305
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