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प्रश्न
Explain the state's role in achieving the objective of social justice in less developed countries.
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.
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संबंधित प्रश्न
Instruments of fiscal policy is:
Monetary policy means regulation of money supply by the monetary authority.
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
Differentiate between direct and indirect taxes.
Classify the following type of tax into direct and indirect taxes:
Income tax
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Explain the term Impact of a tax.
Differentiate between progressive and regressive taxes giving an example for each.
Explain the significance of taxes.
Define the following term:
Fiscal deficit