Societies all over the world are striving to work out their own models of behavior and activities. The new social strategies help to meet the people’s needs and to protect them from social instability. In that regard, the study of social policy is of great value for society that faces different problems connected with the childhood risks and people of old age category. Social Policy can be singled out in two ways: it can be considered as an academic subjective based on the theoretical ground and as practical application that is correlated with the real world. In the first case, social policy depicts how social organizations reproduce themselves in a successful way (Blakemore, p. 1). Furthermore, it is closely connected with other social disciplines and used by professionals for training to operat social institutions. Since practice is always based on the theory, it is obligatory to research the social policy discipline and define its real objectives and functions both in descriptive and analytical ways. The social policy relates to many social disciplines and therefore is studied by economists and by statisticians. To single out the study from the others, it should be stressed that the core subject of this course revealed through the examination and research of the policy delivery and its successfulness. It is centers on the working out of effective economic models of data process methods (Alcock, 4). Before getting down to discussion, it is reasonable to single out what social policy is. In general, the term can be considered from different angles. On the one hand, it relates both to the policy-making activities that encourage the well-being of the population and to the theoretical research of those actions (Alcock, 1). There might appear the ambiguity since this discipline is often confused with sociology. In fact, sociology studies society itself and its structure whereas social policy examines the processes taking place in it and the way these processes affect the welfare of the population. The social study theory is studied by two approaches: descriptive and analytical. The descriptive social policy depicts the social events and processes from the historic point of view. It also explains the main activities and operations of welfare structure and its evolution (Badlock, 606). The descriptive approaches are usually used in comparing and evaluating the welfare systems both with the country and between them. The comparative social policy determines cross-national strategies assessment and studies the interaction of diverse social policies. The history of development of social policy takes its roots in the nineteenth century when the Fabian Society was founded. Influenced by the work of Sydney Webb (Alcock p. 4), it created the theoretical ground for economic and social problems to decide. The members of the Fabian society managed to develop the ideology of the Labor Party in Britain by establishing the innovations within welfare system. The Minority and Majority Report issued by the Labor politicians and Charity Organization Society accentuated on the necessity to improve the state and non-state welfare provision. In general, the social policy strategies evaluated from welfare administration to the identification of the poverty level within