What are the factors of evaluating a policy or institution?
Factors to consider during evaluating a policy or institution comprise:
• Internal and external constraints onto implementing a policy
• Short and long run factors included for illustration short-term pain for long-term gain.
• Impact of policy onto externalities for example market failure or infrastructure
• Impact of policy onto Sustainability onto
• Equity and Social inclusion matters
• Macro effects of a policy for example multiplier effects.