Question

article on role of government in improving economic equality​

Answer 1

The term economic equality means equal distribution of income and money among the population of the country. As dealing with population on such a large scale is no task for a single person, thus comes the government. Government represents the majority of the people living in the country and it is their duty to form policies and regimes in the favor of them. Equality in economic backgrounds is the major task and responsibility of the government.

Some duties of the government on ensuring economic equality are-

• To ensure efficiency- It is the duty of the government to keep a check on market failures such as Monopoly, excessive pollution, black marketing etc. Absence of these ill trading helps in ensuring smooth flow of market structures and flow of income.
• increase infrastructure - Infrastructure refers to those activities that enhance, directly or indirectly, output levels or efficiency in production. The government should provide an integrated infrastructure. As the cost of providing these essential services are very high and benefits accrue to numerous diverse groups, such activities are to be financed by the government.
• maintain equity - the government should promote equity in the distribution of the income through extracting the excess funds from the market through taxes and spending these surplus funds on the regimes and policies for the poor. This ensures stability in the market income.
• promote economic growth and stability- the government mostly rely on the taxes and funds extracted from the public on the country and spending these excess funds on the development on the economy. Thus it is the duty of the government to allocate these funds on proper  infrastructural and economical development project to ensure stability in the economy.

These were the few roles of the government in improving the economic equality of the country.