Advertisements
Advertisements
प्रश्न
Explain the state's role in achieving the objective of social justice in less developed countries.
थोडक्यात उत्तर
Advertisements
उत्तर
Role of state towards achieving the objective of social justice in less Developed countries.
- Reduction in Inequalities of Income: In less developed countries there exists vast inequalities in the distribution of income which are socially undesirable. The government can reduce these inequalities in the following ways:
- Through the policy of progressive taxation.
- Through the policy of transfer payments in favour of the poor.
- By providing subsidised food and other essential items to the poor.
- Welfare state: The government can also undertake the responsibility of the welfare state. Under the policy of welfare state, the government protects the individuals against various contingencies so as to guarantee people a minimum standard of living.
- Public Expenditure Policy: Under its expenditure policy, the government can incur expenditure to benefit the poor. Welfare measures like free education and medical facilities, social security schemes and provision of subsidised goods of common consumption like food can help the poor persons and thereby reduce income inequalities.
shaalaa.com
Role of State in Economic Development
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
Monetary policy means regulation of money supply by the monetary authority.
The state can promote economic development by ______.
Define fiscal policy.
Classify the following type of tax into direct and indirect taxes:
Income tax
What are progressive taxes.
Which one is better progressive or regressive taxation and why?
How does the state fulfil the following socio-economic objective?
Environmental protection.
Discuss four fiscal policy objectives with reference to India.
Explain the following with examples:
Progressive tax
Explain the significance of taxes.
