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.