Rea ‧ gan ‧ om ‧ ics /ˌreɪɡəˈnɒmɪks $ -ˈnɑː-/ BrE AmE noun [uncountable]
the economic policies of the US government during the time when Ronald Reagan was president(1981–89), especially the policy of reducing taxes and reducing government spending on ↑ welfare (=help for poor people, people without jobs etc)