Policymaking is the act of creating laws or setting standards for a government or business.
An example of policymaking is when the President and his staff draft and pass a new crime bill.
the act or process of setting and directing the course of action to be pursued by a government, business, etc.
High-level development of policy, especially official government policy.
Of, relating to, or involving the making of high-level policy: policymaking committees; policymaking decisions.