The Elements of Optimal Public Policy
The Elements of Optimal Public Policy

Summary/Abstract: Public policy is regarded as the mechanism for developing an economic-social system, a procedure for determining the future, and so on. The important role of public policy is to make society live a better life and to maintain the delivery of goods and services. The purpose of this study is to examine and clarify the aspects of public policy that can improve its quality and make it ideal public policy. The paper argues on the fundamental challenges of public policy and makes proposals on the factors that might maximise public policy by using critical analysis, a deep investigation, making arguments and evaluations from previous researchers' perspectives and conclusions. The article discovered that components of politics, scarcity, level of priority, the concept of optimality, cost-benefit, cost-effectiveness, and decentralisation of public policy may all be used to optimise public policy. In the short term, optimal public policy would treat those elements as given, but in the long run, policymakers must revise the elements themselves to attain a sustainable optimum. Throughout this iterative process, public policy analysts will have done a valuable service if they can reveal the tradeoff between competig policy goals and the relationship between policy choice parameters and policy target variables.

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