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Economic Policy
These are the actions that the government is involved in the economic field covering systems such as setting interest rates and government budgets as well as the labor market, national ownership, and many other areas of government involvement in the fiscal conditions of the country.
Government economic policies are often influenced by international institutions such as the International Monetary Fund or World Bank as well as their particular political beliefs
There are various types of economic policies and strategies including macroeconomic stabilization policies that work towards keeping the money supply growing within the constraints of inflation; trade policy - which refers to tariffs, trade agreements, and so forth; policies designed to generate economic growth; policies for distribution of income and property; regulation policies (for monitoring large companies); anti-trust polices; industrial policies; and technology-based economic development policies. Each deal with different aspects of economic control and regulation.
The government goals are to impede inflation, encourage employment, and generate economic growth. Other objectives are also considered such as military spending and nationalization. Periods of recession...
Public Policy
This is the branch of policies devised by government that are created and implemented to act as legislation of the state. In general, this is known as the national and sub-national constitutional law with conjunctive legislation (such s the U.S. Federal Code) Added to this is judicial interpretations and regulations that attach themselves to the constitutional law throughout American history. This may also be seen as regulations and laws surrounding the constitution, in conjunction with legislative acts and judicial decisions.
Government interest in this area involves the shaping and assessing as well as reviewing of its traditional and recent legislation as influenced by interest groups and numerous individuals in the day-by-day running of the state. Policy makers are influenced to review and assess previous legislation by advocacy of others. At times, this generation of advocacy tactics and tools (influenced and instigated by education, lobbying, or political pressure) causes government to modify, add to, or eliminate certain strata…
Sources
Walter Plosila, "State Science- and Technology-Based Economic Development Policy: History, Trends and Developments, and Future Directions," Economic Development Quarterly, Vol. 18, No. 2, May 2004
Economic Policy and the National Debt Ironically, when governments overspend they typically find ways to refund or restructure debt -- when individuals or corporations within those countries do the same, the consequences are quite different. Money means more than one thing -- usually an object that is traded for payment of goods or services, of exchange. However, when we talk about the government, there is a huge different in the way
Economic Policy for an Imperfect World" by Karen I. Vaughn published in "Southern Economic Journal," Vol. 62, Issue 4, 1996 After the collapse of the Soviet Union it has become evident that market economies are necessary for producing wealth. However, the case for "free markets" is far from settled as those looking for an alternative to central planning usually consider "regulated market economy" as the solution. Hence the debate about
social policy and economic policy? Social policy refers to guidelines, principles, legislation and activities that concern the way that humans live and interact. According to the Malcolm Wiener Center for Social Policy at Harvard University it refers to "public policy and practice in the areas of health care, human services, criminal justice, inequality, education, and labor."[1] Another way that one can perceive social policy is that it is a cluster of
National Economic Policies Economic policies refer to the crucial action that the government takes to control the economic aspects that might affect the cash flows in any given nation. The government is essential in ensuring that all the economic activities in the nation maintained to secure the profitable margins of the nation. The economic policies control almost every activity in the nation, which are vital in controlling the economy. The national
The U.S. government will use their engagement in the economy with other nations to draw attention on the advantages of policies that fuel a sustained growing economy and higher productivity. The free trade concept came as a moral principle way before it became a foundation for economics. When new firms develop valuable products that others can value, it should be able to sell the idea to customers. When Pakistani
Business Economics/Economic policy Competitive Balance Competitive balance is an important aspect to maintain in a league sports structure as it is a direct factor of the degree of uncertainty that could exist within a sporting event. The general belief is that higher uncertainty creates higher buzz and excitement about the end outcome. The customers prefer to have competitive balance as well as it increases fan interest in teams whereas a lack