Economic Policymaking: A Comprehensive Analysis
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Government: The organs of the state, comprising the executive (president, vice presidents, ministers, and other comparable bodies). Voting rules include: 1) Majority rule—the party with the most votes forms the government; other policy options are excluded. These governments tend to be more stable. 2) Proportional representation—the government is formed according to each party's vote share, often requiring coalitions.
Parliament and Political Parties: Three ways to influence government decisions:
- As a legislative body, preparing, discussing, and approving laws.
- Controlling the executive branch's actions.
- Using parliamentary debates to shape public opinion on economic policy (note that some economic policy instruments, due to the element of