Public Policy

Advocacy: Efforts on Behalf of Interests
Advocacy is the process by which individuals or organizations attempt to influence public policy, regulatory practices, and social dynamics to promote and protect the interests and rights of specific groups or causes.
Aid to Families with Dependent Children: Overview of a Historic Welfare Program
A comprehensive overview of the Aid to Families with Dependent Children (AFDC), a U.S. federal welfare program established in 1935 and replaced by the Temporary Assistance to Needy Families (TANF) program in 1996.
Behavioural Insights Team: Applying Behavioural Science to Public Policy
The Behavioural Insights Team, also known as the 'Nudge Unit', is a social purpose company formerly part of the UK government. This team utilizes behavioural sciences to design cost-effective public policies aimed at inducing desirable behavioural responses and facilitating better individual choices.
Benefits in Kind: Non-Monetary Government Assistance
An in-depth examination of government provision of goods and services as a means of supporting citizens, comparing it with monetary assistance.
Big Society: The UK Initiative for Community Empowerment
An in-depth look at the Big Society agenda of the UK Conservative-Liberal Democrat coalition government launched in 2010 aimed at local governance empowerment, public service innovation, and community involvement.
Business Improvement District: Enhancing Economic Viability
A comprehensive guide to understanding Business Improvement Districts (BID), their historical context, types, key events, detailed explanations, and much more.
Community Development Block Grants (CDBG): Federal Grants for Community Development
An in-depth look at Community Development Block Grants (CDBG), federal grants provided to local governments to support community development projects. Learn about their purpose, history, and impact.
Earmark: Designated Funds Within Legislation
An earmark refers to designated funds within legislation that direct how money should be spent on specific projects, often benefiting particular areas or groups.
Economic Benefits: Comprehensive Insight
A thorough exploration of economic benefits, encompassing historical context, categories, key events, models, examples, and more.
Economic Planning: Strategic Management of Economic Activity
Economic Planning involves the systematic allocation of a nation's resources to achieve specific economic and social objectives. It includes both direct and indirect controls over economic variables.
Entitlements: Benefits with Legal Rights
Entitlements are benefits to which recipients have a legal right, forming part of mandatory government expenditure. This contrasts with discretionary benefits that the donor is empowered, but not compelled, to pay.
Environmental Advocacy: Efforts Aimed at Influencing Public Policy and Practices for Better Environmental Protection and Sustainability
Environmental advocacy involves concerted efforts to influence public policy and practices to achieve greater environmental protection and promote sustainability. Activities range from grassroots movements to policy lobbying, aimed at ensuring a more eco-friendly future.
Externality: Costs and Benefits Beyond Transactions
Externalities represent costs or benefits to an economic agent that are not matched by financial compensation. This concept encompasses a range of positive and negative impacts in both individual and business contexts, necessitating intervention by governments to address diseconomies.
Federal Assistance: Comprehensive Overview
Federal Assistance encompasses various forms of federal support, including grants-in-aid, designed to assist individuals and organizations in achieving specific objectives.
Flat Tax: Simplified Taxation with a Single Rate
A comprehensive examination of the flat tax system, its advantages and disadvantages, historical context, and applicability.
Government Failure: Understanding Inefficiencies in Public Policy
Government failure occurs when government intervention aimed at correcting market failures leads to less efficient or detrimental outcomes. This comprehensive guide explores its historical context, types, key events, and implications.
Health and Social Care Levy: An Additional Charge to Fund Health and Social Care Services
The Health and Social Care Levy is an additional charge implemented to fund health and social care services, encompassing its historical context, types, key events, formulas, importance, applicability, and related terms.
Illegal Subjects: Non-Negotiable Matters in Agreements
Illegal subjects refer to topics or matters that cannot be negotiated within agreements, typically because they violate labor laws, individual rights, or public policy.
Implicit Government Guarantee: Presumed Support for GSEs
An Implicit Government Guarantee refers to the presumed support the government will provide to Government-Sponsored Enterprises (GSEs) during times of financial distress, even though there is no explicit, legally binding guarantee.
In-Kind Redistribution: A Form of Non-Monetary Support
Redistribution that takes the form of the gift of goods or services rather than cash, aimed at ensuring the recipient consumes the intended goods and services. Examples include food vouchers, public housing, and education services.
Income Maintenance Programme: Economic Assistance for Low-Income Families
An in-depth exploration of income maintenance programmes aimed at raising the welfare levels of low-income families through direct cash handouts, tax credits, or in-kind benefits like food vouchers and subsidized health care.
Income Redistribution: Mechanisms and Impact
An in-depth exploration of income redistribution, its mechanisms, and impacts on society. Learn about taxation, government spending, and controls used to alter income distribution, and the delicate balance needed to maintain incentives for work, savings, and enterprise.
Intergovernmental Relations: The Dynamics Between Government Levels
Exploring the intricate interactions between different levels of government, including historical context, types, key events, and their importance in public administration.
Internalizing Externalities: Adjusting Market Activities to Include External Costs
A comprehensive exploration of the concept of internalizing externalities, focusing on how external costs are incorporated into market activities through various mechanisms such as taxes or regulations.
Land Value Tax (LVT): A Comprehensive Overview
An in-depth look at Land Value Tax (LVT), its historical context, categories, key events, explanations, and applicability.
Mandatory Spending Programme: Obligatory Government Expenditure
An in-depth analysis of mandatory spending programmes which are legally mandated components of government spending, contrasted with discretionary spending. It explores the historical context, types, key events, mathematical models, importance, applicability, examples, related terms, comparisons, interesting facts, and more.
Means-Tested Benefits: Benefits Based on Financial Situation
An in-depth look into means-tested benefits, which are provided based on the recipient’s financial situation, including historical context, types, key events, detailed explanations, and more.
Medicaid Expansion: Expanded Health Coverage for Low-Income Individuals
Medicaid Expansion is a provision under the Affordable Care Act (ACA) that allows U.S. states to increase Medicaid eligibility to encompass more low-income individuals, thereby expanding access to healthcare.
NAAQS: National Ambient Air Quality Standards
An in-depth exploration of the National Ambient Air Quality Standards (NAAQS), their historical context, importance, and impact on environmental policy.
Office for National Statistics: Guardian of UK's Economic Data
The Office for National Statistics (ONS) is the UK government agency responsible for the collection, analysis, and publication of UK economic statistics. Formed in 1996, the ONS plays a critical role in informing government policy and public understanding through accurate and comprehensive data.
Pigouvian Tax: Correcting Market Failures Through Taxation
A Pigouvian tax is levied to correct market failures arising from externalities. This article covers its definition, historical context, types, key events, detailed explanations, mathematical formulas, importance, applicability, examples, considerations, and related terms.
Pressure Group: Advocacy and Influence
An organization striving to influence public policy, laws, or regulations for specific interests or broader causes through various means of advocacy.
Public Administration: Implementation of Government Policy
Public Administration is the implementation of government policy and an academic discipline that studies this implementation, examining the interactions between governmental institutions and society.
Quasi-Autonomous Non-Governmental Organization: An In-Depth Guide
A comprehensive article exploring the concept of Quasi-Autonomous Non-Governmental Organizations (quangos), their historical context, types, key events, significance, and examples, along with relevant terms, facts, and FAQs.
Regular Tax System: Standard Rates and Deductions
The Regular Tax System applies standard tax rates and deductions to determine an individual's or corporation's taxable income and subsequent tax liability.
Regulation: Rules and Procedures for Compliance
A comprehensive guide to understanding regulation, including its historical context, types, importance, examples, and relevant terminology.
Set-Aside Contracts: Stimulating Small Business Participation in Public Contracts
Comprehensive exploration of set-aside contracts, including their historical context, types, key events, and significance in fostering small business involvement in government procurement.
Sin Taxes: Levies on Socially Harmful Goods
Sin taxes are levies imposed on socially harmful goods such as tobacco and alcohol, aimed at reducing consumption and generating government revenue, though not always based on precise external cost calculations.
Social Cost: The Total Cost to Society
An exploration of social cost, including its definition, historical context, types, key events, and comprehensive explanations. Learn about mathematical models, its importance, examples, and more.
Social Insurance: Programs Intended to Protect Individuals Against Economic Risks
An in-depth exploration of Social Insurance, covering its definition, historical context, types, applicability, comparisons with private insurance, and frequently asked questions.
Social Safety Net: Comprehensive Protection for Social Welfare
A Social Safety Net is a system of payments and services designed to protect individuals and households from falling below a socially accepted minimum level of income and well-being due to old age, sickness, disability, and unemployment.
Tax Base: Comprehensive Overview and Its Importance
A detailed examination of the tax base, its types, key historical context, importance, and applicability. Understand the impact of tax allowances and exemptions on the tax base and the broader economic implications.
Tax Fairness: An Exploration of Equitability in Tax Systems
Tax Fairness refers to the balance and justness of a tax system, emphasizing the equitable treatment of taxpayers across different income brackets. This concept evaluates the perception and reality of fairness in how taxes are levied, collected, and utilized.
Traffic Congestion: Causes, Impacts, and Solutions
A comprehensive look at the overcrowding of vehicles on the road, often leading to slower speeds and longer travel times. We explore historical context, types, key events, explanations, mathematical models, importance, applicability, examples, and much more.
Transfer Payments: Redistribution of Wealth Without Goods and Services Exchange
Transfer payments are income payments made without the receipt of goods or services in exchange. These payments are primarily used for social welfare, supporting retired, disabled, and unemployed individuals.
Unemployment Benefit: Income Support for the Unemployed
Comprehensive coverage of Unemployment Benefits, including historical context, types, key events, detailed explanations, importance, examples, considerations, related terms, comparisons, interesting facts, inspirational stories, famous quotes, proverbs and clichés, expressions, jargon, slang, FAQs, references, and a final summary.
Unfunded Pension System: Pay-As-You-Go Pension System Explained
An in-depth exploration of the unfunded pension system, also known as the pay-as-you-go pension system, including historical context, types, key events, and detailed explanations.
Universal Benefit: Ensuring Equity in Social Welfare
A comprehensive examination of the concept of universal benefits, including historical context, types, key events, explanations, models, and their importance and applicability in modern economies.
Vertical Equity: Advantaged Contributions to Society
An in-depth look at Vertical Equity, a concept advocating that people in advantageous positions should make greater contributions to society, with specific emphasis on taxation.
Wealth Tax: Annual Levy on Assets
A wealth tax is an annual levy on assets, used in various countries, aimed at redistributing wealth and funding public services.
Welfare: Understanding Its Impact on Society
An in-depth exploration of welfare, encompassing its definitions, historical context, types, key events, mathematical models, and its significance in modern society.
Welfare State: Comprehensive Social Support
An in-depth exploration of the Welfare State, including its history, components, global variations, economic implications, and societal impacts.
Work Programme: A Comprehensive Overview
The Work Programme is a DWP scheme offering support to help long-term unemployed people find work. Explore its historical context, key events, importance, and applicability.
Absolute Liability: Liability Without Fault
An in-depth analysis of Absolute Liability, a legal concept where an individual or business is held liable regardless of intent or negligence, often applied in contexts deemed contrary to public policy.
Annexation: Process by which an Incorporated City Expands its Boundaries
Annexation is the process by which an incorporated city expands its boundaries to include a specified area, governed by state law and typically requiring a public ballot.
Brookings Institution: An Overview
The Brookings Institution, a nonprofit organization located in Washington, D.C., is renowned for producing scholarly studies on significant economic and political issues and problems. Learn about its history, mission, and contributions to public policy.
Regulation: Understanding and Administering Laws
Regulations are rules used to carry out a law and the act of administering those laws. Many government agencies prepare regulations to ensure laws are implemented effectively.
Wage Stabilization: Explained
An in-depth look at wage stabilization, a key economic measure to control inflationary wage increases and ensure economic stability.
Welfare State: A System of Government-Provided Services
A welfare state is a country in which the government provides many services to its population, particularly in the areas of medical care, minimum income guarantees, and retirement pensions.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.