Government policies can change the costs and benefits that people face. Those policies have the potential to alter people's behavior, lter people's decisions at the margin, produce results that policymakers did not intend.
What is Government policies?
Government policies can affect expenditure on welfare, public education, roadways, public safety, or the benefits program of a professional organization. Government policies are a declaration of the government's political activities, plans, and intentions relative to a certain subject.
Therefore,
Government policies can change the costs and benefits that people face. Those policies have the potential to alter people's behavior, lter people's decisions at the margin, produce results that policymakers did not intend.
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