Explain the need for reduction in inequalities of income and wealth Explain any two budgetary measures by which it - Economics - Government Budget and the Economy

Question

Explain the need for reduction in inequalities of income and wealth
Explain any two budgetary measures by which it can be done

Deeksha Dhingra · Answer

economic inequality is an inherent part of every economic system
govt aims to reduce such inequality of income and wealth, through
its budgetary policy govt aims to influence distribution of income
by imposing taxes on the rich and spending more on the welfare of
the poor it will reduce income of the rich and raise standard of
living of the poor, thud reducing inequality in the distribution of
income

Explain the need for reduction in inequalities of income and wealth. Explain any two budgetary measures by which it can be done.