In: Economics
Recommendation and Policy Implications
Recommendation and policy implication are important part of the research through which we understand more clearly. As we all know that recommendation can be understood as suggestion or proposal as the way of action through especially one should put forward by an authoritative shape and imply its meaning. Recommendation can be used as a method to evaluate or test hypothesis and its implications on the policy. Before presenting implications of recommendation we must also focus on to understand the objective and the outcome which are beneficial for the results. For all recommendation it’s easy to advocate but it’s hard to test its hypothesis which are relatively related to the policy implications and its outcome. So discussing further recommendation can be also seen as way of recommending something to anyone who can have benefit through it and helps in achieving desired outcomes as well, moreover it has very genuine approach through which it can be understood. By writing such curious user recommendation we may be able to understand its outcome from different perspective. Recommendation can be also explained as in such a way through anyone can suggest anything to anyone which may be right or wrong to that person and if the person accepts the same its result is going to hamper him or her only in positive or negative way.
At the other hand policy implications can be discussed as the impact of policy which directly affects people’s life. There are very less people who discuss about the policy and its implications on people’s daily life. Policy implication has very much holistic approach towards the community. There are many researchers from novice to experts who always discuss its implication. Now day’s policy implications are being used in research design which conceptualized and framed research article. Policy can be described as implementation of important rules relating to economy, commerce and administration at community, state country or global level. There are many implication has been seen for example demonetization of currency notes year 2016 in India which had unforgettable mark on economy such as result of reduced consumption pattern, income investment, decreasing GDP and liquidity crisis etc., in the economy which has lasted long. There are many such examples of the policy which has impacted people’s lives at different level and can be quantified in mathematically and in economic terms. There are other major policy implications on national culture, power of the governments, relative resources and international governance which has long term huge impact on the economy. Relatively recommendation and policy implication has very common approach which has similar impact on the economy. There has many aspect related to the approach which has different arguments and related to it. Also it has been stated that the policy which are made sometimes incomplete research or survey which has bad impact and destroys the economy through the implementation and results as bad policy. Policy implication has been also seen as how the existing, society, community re-acts to it in context of influence through recommendation. Hence it is very important to implement such policy’s carefully.