Welfare economics is the branch of economics that seeks to evaluate ec...
Introduction:
Welfare economics is a branch of economics that focuses on evaluating economic policies based on their impact on the well-being of the community. It aims to assess whether these policies contribute to an overall improvement in the welfare of the society. In this context, we need to analyze which improvements to a locality align with the view of welfare economics and which do not.
A) Vaccinating the street dogs in the area:
- Explanation: Vaccinating street dogs in the area would align with the view of welfare economics. It promotes the well-being of the community by ensuring the health and safety of both humans and animals. Vaccinations can prevent the spread of diseases like rabies, reducing the risk of transmission to humans. This step contributes to the overall welfare and safety of the community.
B) Building Ramchandra society to aid the disabled:
- Explanation: Building a society to aid the disabled aligns with the view of welfare economics. It promotes inclusivity, accessibility, and equal opportunities for individuals with disabilities. By providing necessary amenities and support, such a society would enhance the well-being of the disabled community, empowering them to lead fulfilling lives. This improvement contributes to social welfare by reducing inequalities and addressing the needs of a marginalized group.
C) Providing safety equipment to the garbage collector:
- Explanation: Providing safety equipment to the garbage collector aligns with the view of welfare economics. It prioritizes the well-being and safety of individuals involved in hazardous occupations. Safety equipment such as gloves, masks, and protective clothing can prevent accidents, injuries, and exposure to harmful substances. By ensuring the welfare of the garbage collectors, this improvement enhances the overall welfare of the community.
D) Opening a park for people who can pay the membership fee:
- Explanation: Opening a park exclusively for people who can pay the membership fee does not align with the view of welfare economics. Welfare economics emphasizes the well-being of the entire community, including all individuals regardless of their financial status. Creating a park that excludes those who cannot afford the membership fee would perpetuate inequality and limit access to recreational spaces. This improvement does not contribute to the overall welfare of the community as it fails to consider the needs and well-being of all individuals.
Conclusion:
Welfare economics evaluates economic policies based on their impact on the well-being of the community. While improvements such as vaccinating street dogs, building societies for the disabled, and providing safety equipment to workers align with the view of welfare, opening an exclusive park for those who can pay the membership fee goes against the principles of welfare economics. It is essential to prioritize policies that promote inclusivity, equality, and the overall welfare of the community.
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