Explain the "Iron Triangle" of Policy-Making? Describe Each Group and the Role

question 40

Essay

Explain the "iron triangle" of policy-making? Describe each group and the role it plays in the process. Discuss the significance of the role of interest groups and what value they provide to the policy-making process.

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Definitions:

Unemployment Taxes

Taxes imposed on employers, based on the amount of wages paid to employees, used to fund unemployment compensation programs.

Gross Wages

The total amount of salary or wages earned by an employee before any deductions or taxes are applied.

Social Security

A governmental program providing financial assistance to people with inadequate or no income, especially the elderly, disabled, and families with dependent children.

Unemployment Taxes

This term refers to taxes imposed on employers based on the wages paid to employees, used to fund unemployment insurance programs.