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In: Operations Management

compare policy analysis to the study of the policy process. How are they similar and how...

compare policy analysis to the study of the policy process. How are they similar and how are they different?

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Expert Solution

In economics, there are two fields of study. Standard economics centers around what policies should be and how successful they have been in the past joined with a prescient component. This you could allude to as Policy Analysis. It investigations what policies were set up and how they went.

And how do we 'know' what policies should be actualized for what reason aren't our government officials driving us to the utility perfect world? The response to that is Public Policy Economics. It centers around not what business analysts state the policy ought to be but rather how policies get picked (counting how government officials get picked). They are totally various perspectives on comparable themes.

The issue with policy analysis is that it isn't general. Not every person concurs how and on what to gauge the adequacy of a policy and that is the reason individuals pick their policies not generally on sound financial standards.

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