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Elaborate the objective of reallocation of …

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Elaborate the objective of reallocation of resources in the government budget.
  • 1 answers

Paavak Bansal 5 years, 10 months ago

The main objective of realloction of resources is that all the resources donot get settle in one hand . The main objective of govt is social welfare so if the private sector uses these resources for sth for example like production of car then the resorces will be considered to be wasted so the govt charge high tax on luxury goods so that this money can be used for welfare of society so that the the difference between rich and poor donot expand and resources can be used for uplifting the status and decrease the difference between rich and poor
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