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Policy is a complex term, which does not even exist in all languages. A policy is a decision taken by politicians (decision-makers) as an approach to solving a problem or improving a situation. It is often embedded in a law or a regulation, or even in a number of laws and regulations, but it may not be. For example, a Government may announce that its main foreign policy objective is to join NATO, or that it is developing a policy to assist SME’ through a mix of tax and investment measures.

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