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Discuss How Elite Theory Is Applied to Development of Policy

question 46

Essay

Discuss how elite theory is applied to development of policy. Include in your discussion a definition of who/what are elite(s), why elites vary according to policy issue, and how elites influence policy.


Definitions:

Simple Rate

An interest calculation method where interest is not compounded on earned interest, instead applied only on the principal amount.

Principal Plus Interest

It is the total amount due that includes the original amount borrowed (principal) in addition to the charged interest on that principal.

Cheque Accounting

The handling and record-keeping of cheques within the accounting practices of an individual or organization.

Interest Earning

Relates to the income generated from investing or depositing funds in interest-bearing financial instruments.

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