Government policy encompasses the strategic decisions, actions, and laws enacted by public administrations to address societal challenges and achieve specific...
Government policies are formulated through a multi-stage process involving problem identification, research, debate, drafting legislation, public consultation, parliamentary approval, and executive implementation by relevant agencies.
Citizens influence policy through voting, petitions, protests, public consultations, direct engagement with elected officials, and advocacy groups, ensuring their voices contribute to decision-making processes.
Common types include economic policies (fiscal, monetary), social policies (healthcare, education), environmental policies, foreign policies, and regulatory policies across various industrial and public sectors.
Policies like taxation, government spending, interest rates, trade agreements, and regulations directly affect inflation, employment levels, economic growth, investment, and market stability within a nation.