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pol·i·cy
/ˈpäləsē/noun
- 1. a course or principle of action adopted or proposed by a government, party, business, or individual: "the administration's controversial economic policies" Similar
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Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both subjective and objective decision making.
Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs.
The United States Capitol. The primary method of developing public policy is through the legislative process outlined in Article One of the United States Constitution. Members of the United States Senate and the United States House of Representatives propose and vote on bills that describe changes to the law of the United States.
Policy analysis or public policy analysis is a technique used in the public administration sub-field of political science to enable civil servants, nonprofit organizations, and others to examine and evaluate the available options to implement the goals of laws and elected officials.
Social policy is a plan or action of government or institutional agencies which aim to improve or reform society. Social policy was first conceived in the 1940s by Richard Titmuss within the field of social administration in Britain.
Domestic policy, also known as internal policy, is a type of public policy overseeing administrative decisions that are directly related to all issues and activity within a state's borders. It differs from foreign policy, which refers to the ways a government advances its interests in external politics.
Most factors of economic policy can be divided into either fiscal policy, which deals with government actions regarding taxation and spending, or monetary policy, which deals with central banking actions regarding the money supply and interest rates.
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
Information policy is the set of all public laws, regulations and policies that encourage, discourage, or regulate the creation, use, storage, access, and communication and dissemination of information.
It emerged in the United States in the 1960s and 1970s. Policy studies also examines the conflicts and conflict resolution that arise from the making of policies in civil society, the private sector, or more commonly, in the public sector (e.g. government).