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Policy Formulation - Coggle Diagram

- - - - Consider the direct and indirect (financial and non-financial) costs of the measures to be performed (implementable and efficient) to solve the problem.
      - To discount future net benefits, take the present value of future direct and indirect benefits and costs.
      - If a new policy is implemented or an old policy is updated, consider the direct and indirect benefits (valid & implementable)
      - Compare the costs and advantages of different policy options, both direct and indirect, as well as current and future costs and benefits.
      - Consider the clear and indirect advantages of resolving the issue.
  - - - Regulatory
        
        To manage and regulate human conduct, such as pollution regulations.
      - Enforcement
        
        It entails granting (enforcing) specific persons the rights and responsibilities that they are entitled to. Human rights legislation, for example.
      - Inducement
        
        Either good in character, such as a tax credit vacation, or bad in nature, such as pollution fines and charges.
      - Allocation of power
        
        Where a body is given authority to improve a condition, such as by parliamentary legislation, executive decrees, or judicial decisions.