Topic 4 – Fiscal Policy Refers to the governments choices regarding the overall level of government purchases or taxes Government spending – on health sector‚ education‚ infrastructure‚ defence. Taxation policy – income tax‚ sales tax (VAT)‚ corporate tax‚ capital gains tax. Fiscal policy and aggregate demand Government spending – increase in G spending → AD shifting right e.g. Gov places £10 billion order for new school buildings → building contractor has increased demand for output
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Influences on Practice/ Service Delivery: e.g. legislation‚ policy‚ practice guidance etc. How does it influence the service and the ways in which nurses and social workers work within it? (Demonstrating knowledge of roles within the service‚ as well as theoretical frameworks and guidance underpinning professional practice). The ways in which this affects how decisions are made (e.g. are they influenced by the lead professional agency? What is the legal basis for decisions that are made about how
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Q1. What is monetary policy? Answer:- Monetary policy is government change in money supply to influence the economy‚ to solve economies problems. Economies problems include inflation in boom‚ unemployment etc. change in the money supply move interest rates up or down and affect spending in sectors such as business investment‚ housing‚ and foreign trade. Monetary policy has an important effect on both actual GDP and potential GDP. Q2. If the government wanted to slow down the economy (when
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SOCIAL POLICY Social policy refers to guidelines and principals that are used to improve the lives of people. As noted by Midgley‚ J .(1994). Social policy refers to the principals and guidelines that guide people in human relations and interactions and how people deal with particular issues in society. Social policy has two activities involved there is policy meaning a guide to making decisions while social refers to people and organizations in society and their interactions. These include institutions
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Why do energy policies differ from country to country? Energy policies‚ the manner in which a governments decides to address issues of energy development including energy production‚ distribution and consumption‚ are different in every country around the globe. This is mainly due to economic development‚ population size‚ geographical location and many other factors for example in the UK‚ as gas imports will rise in the future‚ the government has imposed a policy of trying to encourage the development
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National and local guidelines‚ policies and procedures for safeguarding children are there for all practitioners to be aware of and relate to. They influence schools and help them to have and adhere to their own internal policies for protecting children. These policies are set to protect all children under the age of 18 and are reviewed regularly to keep in line with government legislation. All schools should have their own safeguarding policy in place as well as Borough councils. The Borough
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Policies & procedures applicable to my school setting | Unit/LO/AC Ref | What purpose it serves | Evaluate how these polices support the principles of every child matters and the importance of staff consistently applying boundaries (where applicable) | Child Protection Policy | A (Staff) | Ensuring safe recruitment by checking the suitability of staff and volunteers to work with children. Creating a safe environment in which children can learn and develop. Raising awareness of child protection
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police in the European Union. There has been an competitive policy for over 40 years in the EU‚ this was founded in a response of a request by the European parliament. While the economic environment changed there was a treaty founded which prohibit certain anticompetitive agreements and abuses of dominant positions‚ with this treaty the European Union tried to avoid abuse of the powers great companies have. This competitive policy‚ where customers can choose between competitors‚ puts businesses
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RECRUITMENT POLICY This policy defines how an organisation intents to do or act when recruiting its employees. It guides management on issues to do with recruitment and ensures that there is consistency in recruitment decisions and procedures. It defines when the recruitment is going to be done and also the source of the candidates for recruitment. The policy also outlines the methods of recruitment and the contents of the job advert. The recruitment policy states the composition of a team of people
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PURPOSE The purpose of the assignment is to enhance learners’ understanding of how fiscal policy can be used to achieve economic goals. REQUIREMENT Discuss and evaluate how fiscal policy tools can assist in improving economic growth‚ employment and mitigate inflation. Answer Fiscal policy is a policy concerned with Government Revenues and Government Expenditures. The tools are government expenditures (G)‚ taxes (T)‚ both direct and indirect‚ deficit financing‚ i.e.‚ government
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