[amp_mcq option1=”Welfare of people” option2=”Growth of GDP and national income etc” option3=”Fair distribution of wealth” option4=”All of these” correct=”option4″]
The correct answer is D. All of these.
A sound economic policy of any government ordinarily entails in it the welfare of people, growth of GDP and national income, and fair distribution of wealth.
The welfare of people is the most important goal of any government. A government should strive to provide its citizens with a good standard of living, access to education and healthcare, and a safe and secure environment.
The growth of GDP and national income is also important, as it provides the government with the resources it needs to invest in public goods and services, and to provide social safety nets for its citizens.
However, economic growth should not be pursued at the expense of the welfare of people. A government should ensure that the benefits of economic growth are shared equitably, and that the poor and vulnerable are not left behind.
Fair distribution of wealth is also important, as it helps to reduce inequality and social unrest. A government should strive to create a more equitable society, where everyone has the opportunity to succeed.
In conclusion, a sound economic policy of any government ordinarily entails in it the welfare of people, growth of GDP and national income, and fair distribution of wealth.