Brno, Czech Republic

Economic Policy

Table of contents

Economic Policy at MU

Language: English Studies in English
Subject area: economy and administration
University website: www.muni.cz/
Years of study: 4

Definitions and quotes

Policy
A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both subjective and objective decision making. Policies to assist in subjective decision making usually assist senior management with decisions that must be based on the relative merits of a number of factors, and as a result are often hard to test objectively, e.g. work-life balance policy. In contrast policies to assist in objective decision making are usually operational in nature and can be objectively tested, e.g. password policy.
Policy
Kings will be tyrants from policy, when subjects are rebels from principle.
Edmund Burke, Reflections on the Revolution in France (1790).
Policy
They had best not stir the rice, though it sticks to the pot.
Miguel de Cervantes, Don Quixote (1605-1615), Part II, Chapter XXXVII.
Policy
Don't throw a monkey-wrench into the machinery.
Philander Chase Johnson, Everybody's Magazine (May 1920), p. 36.
The growth of blue-green algae in our lakes, large ponds, water reservoirs and public waters constitutes a problem for our environment and for our health. These types of algae often result in a deterioration of the water quality and emit a distinctly unpleasant odour. The algae consume a lot of oxygen in the water, leaving little for other animals like fish. They also produce toxins which can cause skin irritations and are suspected to be involved in the occurrence of liver cancer.
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