In a Basic Six-Phase Process of How Policy Is Developed

question 14

Short Answer

In a basic six-phase process of how policy is developed and implemented, the first phase is recognition of society's values; what are the other five?

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Definitions:

Opportunity Cost

The expense incurred by not choosing the second-best option during a decision-making process.

Sweaters

A knitted garment typically made of wool, cotton, or synthetic yarn, worn over the upper body for warmth.

Cookies

Small pieces of data sent from a website and stored on a user's computer by the user's web browser while the user is browsing.

Specialization

The process in economics and production where individuals or entities focus on a narrow area of expertise to increase efficiency and output.