What Is a Policy Cycle? First, what is a policy? We know that a policy and procedure are two distinct entities. According to the dictionary, policy is a âdefinite course or method of action selected from alternatives and in light of given conditions to guide and determine present and future decisionsâ.
Steel and metal industry. 1  The German steel and metal industry includes the steel, non-ferrous metals, foundry and steel and metal working industries. 2  As a result of its innovative capabilities and high-quality products, the German steel industry has established itself as a leading producer in the European Union.
Industry accounted for 60 percent of the German GDP in 1913, and, by 1914, Germany was the world's leading producer of chemicals and electrical equipment. Unfortunately, that prosperity could not last. Germany was heavily involved in the First World War, and found its economy significantly damaged after the war.