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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 [1] [2] to solve or address relevant and real-world problems, guided by a conception [3] and often implemented by programs.
The space policy of the United States involves the civilian and military use of outer space. Civilian space policy is overseen and carried out by NASA. The United States Space Force is the outer space division of the United States Armed Forces. The United States is subject to several international treaties that influence its space policy.
A rule-based policy can be more credible, because it is more transparent and easier to anticipate. Examples of rule-based policies are fixed exchange rates, interest rate rules, the stability and growth pact and the Golden Rule. Some policy rules can be imposed by external bodies, for instance, the Exchange Rate Mechanism for currency.
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.
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.
Information policy became a prominent field of study during the latter half of the 20th century as the shift from an industrial to an information society transpired. [2] It has since then evolved from being seen as relatively unimportant to having a much more overarching strategic significance since it establishes the conditions “under which all other decision making, public discourse, and ...
Fiscal policy can be distinguished from monetary policy, in that fiscal policy deals with taxation and government spending and is often administered by a government department; while monetary policy deals with the money supply, interest rates and is often administered by a country's central bank. Both fiscal and monetary policies influence a ...