A lobbyist is a person retained with compensation by an individual, group, or organization to influence the formation of legislation or the administration of rules, regulations, and policies.
A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. It is a statement of intent, and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization.
The Trickle Down Theory is an economic concept suggesting that policies benefiting the wealthy and businesses can ultimately benefit lower-income individuals through increased economic activity.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.