Discuss whether or not government should subsidize gym membership
Answers
Answer:
Yes , government should subsidize the gym membership in india as in india there a lot of people are unfit , so for a healthy and better future citizens in the world everyone needs to be fit. Accord ti fit india scheme of government government should subsidize the gym membership
Explanation:
government should subsidize gym membership as it is associated with people's health and healthcare is considered as a necessity and also if people will have a good access to healthcare there will be less time lost through sickness and illness resulting in an increase in the output of the country and also healthcare seems to be a merit good. hence, they are unlikely to take into account the benefits of thier fitness to others. the associated external benefits will include the prevention of spread of diseases.
government should not subsidize gym membership because it has an opportunity cost of investing the revenue earned from taxation and if more will be subsidized for gym membership the less there will be for let's say education and also if demand is inelastic then there may not a much change in the quantity demanded and if demand is elastic a subsidy will have more impact on the quantity sold and less on the price. in this case producers can keep more of the subsidy.