Examlex
Which among the below is the first step during policy formulation?
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen.
Hot Dog
A cooked sausage, traditionally grilled or steamed, and served in a partially sliced bun as a fast-food.
Hamburger
a popular food item consisting of a cooked patty of ground meat, usually beef, placed inside a sliced bread roll or bun.
Monthly Income
The total earnings received on a monthly basis from all sources such as employment, investments, and entitlements.
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