Science policy is concerned with the allocation of resources for the conduct of science towards the goal of best serving the public interest. Topics include the funding of science, the careers of scientists, and the translation of scientific discoveries into technological innovation to promote commercial product development, competitiveness, economic growth and economic development. Science policy focuses on knowledge production and role of knowledge networks, collaborations and the complex distributions of expertise, equipment and know-how. Understanding the processes and organizational context of generating novel and innovative science and engineering ideas is a core concern of science policy. Science policy topics include weapons development, health care and environmental monitoring.

Science policy thus deals with the entire domain of issues that involve science. A large and complex web of factors influences the development of science and engineering that includes government science policy makers, private firms (including both national and multi-national firms), social movements, media, non-governmental organizations, universities, and other research institutions. In addition, science policy is increasingly international as defined by the global operations of firms and research institutions as well as by the collaborative networks of non-governmental organizations and of the nature of scientific inquiry itself.

 

Note:   The above text is excerpted from the Wikipedia article Science policy, which has been released under the GNU Free Documentation License.