Question

If not by using utility, how can policy makers estimate the welfare of government policies?​

Answer 1

Welfare of government policies

Explanation:

• Government policy has microeconomic effects after its implementation. These changes are available many forms, including tax program, economic policy, regulations, tariffs, subsidies, monetary system laws, licensing, and public-private partnerships (to name a few). These policies manipulate the prices and benefits that individual actors face in nearly every facet of contemporary life.
• Sometimes the impacts of presidency policy are intentional. the govt. might provide a subsidy to farmers to create their businesses more profitable and encourage farm production. Conversely, the government might put a tax on cigarettes and alcohol to discourage behavior that it doesn't approve of. Other impacts are unintentional.

• The government, likewise as policy makers, that promote efficient public policies aiming at the positive social and economic promotion of its population is promoting financial aid and also the degree of that welfare may be measured by the "sum" of the general public services provided.

• This is because public services, when performed in efficient ways, give the reduction of the wants of a society. A community that has all its needs met may be a society with a high degree of social well-being, which might achieve very beneficial and uplifting standards of living.