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Should the government allocate more funds to healthcare and education or to defence and space exploration? Why or why not?

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Question

Should the government allocate more funds to healthcare and education or to defence and space exploration? Why or why not?

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Solution

The government should provide sufficient funds to both sectors, as healthcare and education improve people’s quality of life, develop human resources and support economic growth. At the same time, defence and space exploration are important for national security, scientific research and technological development. Since resources are limited, giving too much importance to one sector can reduce funding for the other. Therefore, the government should maintain a proper balance and use public funds wisely according to the country’s needs and priorities, keeping the opportunity cost of each decision in mind.

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Chapter 8: Building Blocks in Economics: The Problem of Choice - Intext Questions [Page 189]

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NCERT Social Science Understanding Society India and Beyond Part 1 [English] Class 9
Chapter 8 Building Blocks in Economics: The Problem of Choice
Intext Questions | Q 8. | Page 189
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