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The function of a government to fairly share the public's resources is known as
  • a)
    Distribution function
  • b)
    Allocation function 
  • c)
    Stabilization
  • d)
    Protection 
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The function of a government to fairly share the public's resource...
The correct answer is option 'A', Distribution function.

The distribution function of a government refers to its role in ensuring a fair and equitable sharing of the public's resources. This involves the allocation of resources to various sectors and individuals in society, with the aim of promoting social welfare and reducing inequalities. The government plays a crucial role in managing and distributing resources such as income, wealth, and opportunities to ensure that they are accessible to all members of society.

The distribution function of a government can be further explained through the following points:

1. Promoting Social Justice: One of the primary objectives of a government is to promote social justice, which includes ensuring a fair distribution of resources. This involves taking into account factors such as need, equality, and merit when allocating resources.

2. Reducing Inequalities: Through its distribution function, the government aims to reduce inequalities and bridge the gap between different sections of society. It does this by providing various welfare schemes, subsidies, and social security programs targeted towards the marginalized and disadvantaged groups.

3. Wealth Redistribution: The government may implement policies and measures to redistribute wealth from the rich to the poor. This can be done through progressive taxation, where higher-income individuals are taxed at a higher rate, and the revenue generated is used to fund social welfare programs.

4. Access to Basic Services: The distribution function also involves ensuring that all members of society have access to basic services such as healthcare, education, housing, and infrastructure. The government may allocate resources to these sectors to ensure that they are accessible to all, regardless of their socio-economic background.

5. Balancing Regional Disparities: Governments may also play a role in addressing regional disparities by allocating resources to underdeveloped regions or sectors. This can help promote balanced regional development and reduce regional inequalities.

In conclusion, the distribution function of a government is aimed at ensuring a fair and equitable sharing of the public's resources. It involves promoting social justice, reducing inequalities, redistributing wealth, providing access to basic services, and balancing regional disparities. Through these measures, the government plays a crucial role in promoting social welfare and improving the overall well-being of society.
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Similar CA Foundation Doubts

Features of a Mixed Economy:A mixed economy is an economic system that combines elements of both a market economy and a planned economy. It incorporates features of both private enterprise and government intervention. The correct answer is D, as all of the following features are characteristic of a mixed economy:1. Planned economy:A mixed economy includes elements of a planned economy, where the government plays a role in guiding and regulating economic activities. It formulates economic plans and policies to ensure the efficient allocation of resources and to promote economic stability.2. Dual system of pricing:In a mixed economy, there exists a dual system of pricing, which means that both market prices and government-set prices coexist. While market forces determine prices for most goods and services, the government may intervene to regulate prices in certain sectors to protect consumers or promote social welfare.3. Balanced regional development:Another characteristic of a mixed economy is the emphasis on balanced regional development. The government intervenes to ensure that economic growth and development are not concentrated in specific regions or industries but are spread across different regions and sectors. This helps to reduce regional disparities and promote overall economic stability and social welfare.Benefits of a Mixed Economy:A mixed economy offers several benefits due to its combination of market forces and government intervention. Some of these benefits include:1. Economic efficiency:By incorporating market mechanisms, a mixed economy allows for resource allocation based on supply and demand, which promotes economic efficiency. Market forces encourage competition, innovation, and productivity, leading to higher levels of economic growth.2. Social welfare:Government intervention in a mixed economy enables the provision of public goods and services that may not be adequately provided by the market alone. This includes areas such as healthcare, education, infrastructure, and social security, ensuring a certain level of social welfare and equity.3. Stability and regulation:The government's role in a mixed economy helps to maintain economic stability through macroeconomic policies such as fiscal and monetary measures. It also regulates certain sectors to prevent market failures, protect consumer rights, and ensure fair competition.Conclusion:A mixed economy combines the advantages of both market forces and government intervention. It allows for economic efficiency, social welfare, and stability. The features of a mixed economy include elements of a planned economy, a dual system of pricing, and balanced regional development. These features work together to create a system that promotes both economic growth and social welfare.

The function of a government to fairly share the public's resources is known asa)Distribution functionb)Allocation functionc)Stabilizationd)ProtectionCorrect answer is option 'A'. Can you explain this answer?
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