The economies which are working on Capitalistic or Free Enterprise System, have the serve problem of inequitable distribution of wealth. The rich, in these economies, are very rich while the poor are extremely poor. Minority if rich over the majority of poor. Consequently, the society is bifurcated into two classes, rich and poor, due to which class conflict creates clashes destroying the whole of economic structure. The study of science of Public Finance teaches how to transfer wealth from rich to poor class making distribution of wealth equitable.
No comments:
Post a Comment