Question

Define the term policy and give one concrete example for each of the following at the national level: foreign policy, economic policy, and social policy.

Answer 1

Answer:

Policy: a course or principle of action adopted or proposed by a government, party, business, or individual.

Foreign policy: a government's strategy in dealing with other nations. in 2013 China developed a foreign policy known as the Belt and Road Initiative, the nation’s strategy to develop stronger economic ties in Africa, Europe, and North America.

Economic policy: An economic policy is a course of action that is intended to influence or control the behavior of the economy.  government spending and taxation, about the redistribution of income from rich to poor, and about the supply of money.

Social policy: policy usually within a governmental or political setting. welfare state and study of social services. Social policy consists of guidelines, principles, legislation and activities that affect the living conditions conducive to human welfare, such as a person's quality of life