Government has started spending more on providing free services like education and health to the poor. Explain the economic value it reflects.
Government has started spending more on providing free services like education and health to the poor. Explain the economic value it reflects.
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Spending on free services to the poor raises their standard of living and at the same time helps in reduction in income inequalities. It also helps in raising production potential of the country by raising the efficiency level of the working class among the poor.
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