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Question : 41
Total: 52
"Active Government intervention is essential in education and health sectors in India."
Do you agree with the given statement ?
Give reasons in support of your answer.
Do you agree with the given statement ?
Give reasons in support of your answer.
Solution:
Yes, I agree with the statement that active government intervention is essential in education and health sectors in India.
Reasons:
(i) To promote Equity: Education and health are becoming expensive for poor and middle income group people. So, if these are left to free play of market forces or in private hands, majority of population will be deprived of it. So, government intervention is a must to make medical and health facility available to lower income people.
(ii) For Human capital Formation: More expenditure on education and health leads to more human capital formation in the country. So, it is duty of government of a country to provide it at minimal cost to create assets for the economy.
Reasons:
(i) To promote Equity: Education and health are becoming expensive for poor and middle income group people. So, if these are left to free play of market forces or in private hands, majority of population will be deprived of it. So, government intervention is a must to make medical and health facility available to lower income people.
(ii) For Human capital Formation: More expenditure on education and health leads to more human capital formation in the country. So, it is duty of government of a country to provide it at minimal cost to create assets for the economy.
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