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Explain the state's role in achieving the objective of social justice in less developed countries. - Economic Applications

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Question

Explain the state's role in achieving the objective of social justice in less developed countries. 

Answer in Brief

Solution

Role of state towards achieving the objective of social justice in less Developed countries.

  1. 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:
    1. Through the policy of progressive taxation.
    2. Through the policy of transfer payments in favour of the poor.
    3. By providing subsidised food and other essential items to the poor.
  2. 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. 
  3. 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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Role of State in Economic Development
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Chapter 6: The State and Economic Development - QUESTION BANK [Page 170]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 6 The State and Economic Development
QUESTION BANK | Q 21. | Page 170
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