Hello I have completed my assignment but need assistance with one missing part. I have included all necessary information

This is what I am Missing: You missed the following: "How does your chosen, policy theory inform the policy cycle in your example?"

This is my written assignment:

Thesis

When the federal government spends more than it has, there will be a budget deficit. The established policies include the issuing of treasury bills, bonds, or bonds. The treasury uses these goods to fund any shortfall to finance all activities. In addition, temporary help for needy families has helped households living below their poverty rates effectively.

The national government funds this assistance program, and many low-income workers have additional income for the poor, child support, education, and employment training. The elite thesis says that a few people or players best handle the affairs of society. The group theory refers to a group that affects an institution's demand of society. The group has the same interest as the other. The institutional theory focuses on the social organization's characteristics.

Outline

I.Selecttwospecific examples of public policy from one of the following fields:

a.Economic policy

b.Education policy

c.Environmental policy

d.Foreign policy

e.Healthcare policy

f.Welfare policy

II.For each example, explain how this public policy can be analyzed by one of the following policy theories: elite theory, group theory, and/or institutional theory.

A.First public policy example + chosen policy theory

a.Why is your chosen policy choice better than the other theories?

a.i.Support your response with at least two different reasons.

b.What are the strengths and/or flaws of using this policy theory within your example?

b.i.Support your response with at least two different examples.

c.How does your chosen, policy theory inform the policy cycle within your example?

B.Second public policy example + chosen policy theory

a.Why is your chosen policy choice better than the other theories?

a.i.Support your response with at least two different reasons.

b.What are the strengths and/or flaws of using this policy theory within your example?

b.i.Support your response with at least two different examples.

c.How does your chosen, policy theory inform the policy cycle within your example?

An economic policy aims to shape or regulate economic activity. In general, the government conducts and implements economic policy. For example, public expenditure and tax choices, the transfer of income from wealthy to week, and the supply of money comprise economic policies. The effectiveness of economic policy may be evaluated as a constructive and practical economy in one way or another.

Welfare policy assists individuals in economic need. These initiatives are sometimes known as public assistance. Money transfers offer the most straightforward way of dispersing social financing funds: The government uses tax to collect income from wealthy individuals and supplies a portion of this income to low- or non-income citizens. These actions are seen as redistributive policies since money is moved from the rich to the disadvantaged publishers of Spark Notes. Economic policy is studied in the development of the policy via elite theory (Bland, 2018). The economic policies are established mainly by the elite in society. Many economic measures may ultimately serve the interests of the privileged. Economic policy is superior to other theories because economic efficiency is aimed towards it. An economic policy is assessed directly via market reaction so that inefficiencies may be refuted. Economic measures to stabilize the economy are being devised. The policy may be based on monetary or fiscal instruments. The elite hypothesis analyzes the economic impact of the strong or leading political figures. In some instances, the elite theory may assess economic policy based on the policy formation process. The political formulation process is decided via legislative procedures by elite or senior leaders in a nation. Therefore, based on the assumptions of elite theory, economic policies may end up serving the elite interest (Popple, 2018).

Welfare policy is studied by group theory because it focuses on groups with economic interests. The idea of welfare focuses primarily on groups like customers, workers, and society in general. The welfare policy is superior to other theories because it guarantees that the resources in the economy are distributed fairly. The welfare policy also safeguards the well-being of all economic partners. The various policies have economic consequences and advantages. Specific policies affected by the political system may not be successful. But economic policy (for example, policy) is superior to other theories since it aims to improve economic efficiency. Economic efficiency is achieved when the economy has optimum demand and supply. This shows that economic policy is judged directly by market reaction and may thus be overlooked if inefficiencies occur. Welfare policies have programs that respond to the needs of various societal groups. (Kraft, 2018). The group theory assesses the presence of a shared interest group of individuals. The welfare policy is studied using group theory since it focuses on groups with economic interests. The policy focuses primarily on groups such as customers, workers, and society. Therefore, the effectiveness of the welfare policy relies on how organizations defend the public, staff, or customers' interests in the economy. Welfare policy is superior to other theories because it guarantees that resources are distributed equitably in an economy (Feely et al., 2020). For example, the welfare policy is better than the policy of profit maximization. Unlike the welfare policy, the profit-maximization policy may disregard workers' and customers' demands. In general, if comprehensive welfare measures are in place, the well-being of all economic players is safeguarded.

References

Kraft, Michael E. (1992). "Technology, Analysis, and Policy Leadership: Congress and Radioactive Waste." In Science, Technology, and Politics. Edited by Gary C. Bryner. Boulder, Colo.: Westview Press.

Purdue University Global

Kraft, Michael E. (2018). Environmental Policy and Politics. 7th ed. New York: Routledge.

Purdue University Global

Bland, D., Howlett, M., & Mukherjee, I. (2018). Instrument constituencies and public policymaking: An introduction. Policy and Society, 37(1), 1-13.

https://www.tandfonline.com/doi/full/10.1080/14494035.2017.1375249

Feely, M., Raissian, K. M., Schneider, W., & Bullinger, L. R. (2020). The social welfare policy landscape and child protective services: Opportunities for and barriers to creating systems synergy. The ANNALS of the American Academy of Political and Social Science, 692(1), 140-161.

https://journals.sagepub.com/doi/abs/10.1177/0002716220973566

Popple, P. R. (2018). Social work practice and social welfare policy in the United States: A history. Oxford University Press.

https://www.journals.uchicago.edu/doi/abs/10.1086/703492