Question

Explain how the government can use the budgetary policy in reducing inequalities in incomes ? ​

Answer 1

Answer:

A government budget can help to reduce inequalities in income through redistribution of income and wealth in the economy. ... By imposing taxes on rich and giving subsidies to the poor, the government redistributes income in favour of poorer sections of the society.

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Answer 2

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●═══════════◄ The distribution of income and wealth is highly unequal in countries like India. 'Economic Divide' is huge and alarming. The problem of economic divide is combated by the revenue and expenditure policy of the government. 'Taxation and subsidies' is the key policy instrument used by the government in this context►═══════════●

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