economic policy and social policy-making
The first difference is that as economic policy deals with the making of wealth or a well-supported nation or state, social policy-making is there to support the human resource base and stability of the social relations that are prerequisite to a healthy and prosperous economy (Bhambra 652). While making coming up with social policy, everything is considerate on public policy that affects the allocation of wealth and income within the community.
Besides, it considers the relationship between the people of the communities, family units, and the well-being of individuals in the continent. As much as social policy-making aims at ensuring there is ultimate social well-being among the people, it also determines relative security and evaluates social risks that affect individuals in their relationships (Bello 1351).
The most effective and efficient social policy-making is developed with high regards to economic relations and issues and vice versa. Social policies can have several purposes devoted to their making (Bello, 1353). It can redistribute both social and economic resources among family units and individuals to ensure that minimum social standards are adhered to. When making social policies, policymakers consider that it should influence or modify relationships among individuals. On the other hand, the grand policy consideration is to ensure the community is secure and cohesive. Therefore, this can be stated that social policy is considered both social and economic behaviors (Aker, Jenny, and Mbiti 12). Besides, it mediates the impacts of economic forces that affect social trends on families and individuals.
Likewise, the social policy is made; the economic policy takes almost the same consideration. The making of the economic policy is concerned with making a better place for the people to implement the successes of the social policy (Aker, Jenny and Mbiti 17). This means that when economic policymakers constitute this policy or policies, they mostly consider the market economies in the United States. Special considerations are attributed to the social economy as well as the personal economic opportunities of the people (Bhambra 655).
To reduce taxation risks, social and economic policies are made. They are aimed at stabilizing the economy and better taxation department. I conclude that social and policy-making are linked not to the processes and procedures towards the making of the policy.