Explain the following concepts
1. Demand sand support
2. Policy decisions and policy actions
3. Gatekeeper and feedback
Answers
Answer:
1. Support/resistance are simply the result of supply or demand. There is support at a particular price level simply because of the demand for the commodity at that price level. On the other hand there is resistance at a particular price level due to the available supply at that price level. it is as simple as that.
2. A policy is a collection of ideas that, stated in combination, is meant to express broad goals or standards, while a decision, when stated and with the proper authority, is meant to initiate or implement an action to help see the policy goals met.
3. Feedback acknowledges that the set of considerations a gatekeeper uses in making decisions may vary depending on considerations of the group.
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