3 years ago

Which definition is correct for the term policy

History

2 answers:

Bas_tet [7]3 years ago

7 0

A course or principle of an action adopted or proposed by a government,business,etc

Sholpan [36]3 years ago

5 0

A policy is a predifined set of mechanisms (system) adopted as the manner of guiding the decision making process in order to reach a rational outcome. Goverments are in charge of those at the national level.

For example, economic policies are implemented in order to achieve certain predefined objectives such as price stability or economic growth.

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