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When government policies are enacted what does that mean?

When a government enacts a policy, it means that they are making it a law. Before the government can enact a policy, it is first presented as a bill and must be voted on by members of government.


How government policies may affect business decision making in Malaysia?

Government policies, especially dealing with imports and exports determine the path of many businesses in Malaysia. In attempts to bolster the economy, exporters receive tax breaks, which is encouraging this form of trade.


What is the relationship between the MPs and the MPC, and how does it impact decision-making processes within the government?

The relationship between Members of Parliament (MPs) and the Monetary Policy Committee (MPC) is that MPs hold the government accountable for economic policies, while the MPC is responsible for setting monetary policy. This impacts decision-making processes within the government by ensuring that economic policies are scrutinized and implemented effectively to achieve economic stability and growth.


What are the key differences between Marxian and neoclassical economics, and how do these contrasting perspectives shape our understanding of economic systems and policies?

Marxian economics focuses on the role of class struggle and the exploitation of labor in shaping economic systems, while neoclassical economics emphasizes market forces and individual decision-making. These differing perspectives influence how we view issues such as income inequality, government intervention, and the role of private property in economic policies.


What are some examples of economic theory in practice?

Examples of economic theory in practice include supply and demand determining prices, the concept of opportunity cost influencing decision-making, and the impact of government policies on market outcomes.

Related Questions

Parliamentary government?

Elected representatives having responsibility for policies and law-making


What is the relationship between the powers of government and the policies that governments create?

the relationship is all about them being able to keep making policies


What is the relationship between the power of government and the policies that governments create?

the relationship is all about them being able to keep making policies


What generally did progressives believe?

The Progressive reformers believed that they had a right in making policies. They had a strong resentment towards the government which they viewed as dictatorial.


When government policies are enacted what does that mean?

When a government enacts a policy, it means that they are making it a law. Before the government can enact a policy, it is first presented as a bill and must be voted on by members of government.


How do different points of view on environmental issues influence public policies and decision making processes?

These different point of view can influence public policies and affect how decisions are made.


How does the government allow people to participate in decision making in parliamentary democracy?

the internet allows citizens to blog about issues, and generally monitor the actions and policies of government officials


What the progressives believe?

The Progressive reformers believed that they had a right in making policies. They had a strong resentment towards the government which they viewed as dictatorial.


How is policy-making at the executive level made?

The executive level of government is the president and his cabinet, governors and they do not actually make policy but they have a strong voice on what policies are needed and they see that those policies are carried out.


How government policies may affect business decision making in Malaysia?

Government policies, especially dealing with imports and exports determine the path of many businesses in Malaysia. In attempts to bolster the economy, exporters receive tax breaks, which is encouraging this form of trade.


What are the functions of political parties?

The functions of political parties are: · Contest elections · Formulate different policies and programmes · Plays a decisive role in making laws for a country. · Form and run governments · Role of opposition parties in checking the working of government · Shape public opinion, and raise and highlight issues · Provide people access to government machinery and welfare schemes implemented by the government


What are functions of political parties?

The functions of political parties are: · Contest elections · Formulate different policies and programmes · Plays a decisive role in making laws for a country. · Form and run governments · Role of opposition parties in checking the working of government · Shape public opinion, and raise and highlight issues · Provide people access to government machinery and welfare schemes implemented by the government