Administrative organisation in the context of "Government procurement"

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⭐ Core Definition: Administrative organisation

Public administration, also known as public policy and administration or public management, is the implementation of public polices which are sets of proposed or decided on actions to solve problems and alleviate or address relevant social and economic issues.

This implementation generally occurs through the administration of government programs in the public sector but also through the management of non-profit organizations in the community sector, and/or businesses in the private sector that provide goods and services to the government through public-private partnerships and government procurement. It has also been characterized as the "translation of politics into the reality that citizens see every day."

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Administrative organisation in the context of Bank of Japan

The Bank of Japan (日本銀行, Nippon Ginkō; BOJ) is the central bank of Japan. The bank is often called Nichigin (日銀) for short. It is headquartered in Nihonbashi, Chūō, Tokyo.

The said bank is a corporate entity independent of the Japanese government, and while it is not an administrative organisation of the state, its monetary policy falls within the scope of administration. From a macroeconomic perspective, long-term stability of prices is deemed crucial. However, the political sector tends to favour short-term measures. Thus, the bank's autonomy and independence are granted from the standpoint of ensuring long-term public welfare and political neutrality.

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