CUET Preparation Today
What is the belief of the 'Rightists' regarding the role of the government in the economy? |
Government intervention is necessary for economic progress The government should not intervene in the economy unnecessarily The government should control all aspects of the economy The government should focus on social welfare only |
The government should not intervene in the economy unnecessarily |
The correct answer is Option 2 - The government should not intervene in the economy unnecessarily In the politics of most countries, you will always come across references to parties and groups with a left or right ideology or leaning. These terms characterise the position of the concerned groups or parties regarding social change and role of the state in effecting economic redistribution. Left often refers to those who are in favour of state control of the economy and prefers state regulation over free competition. The right refers to those who believe that free competition and market economy alone ensure progress and that the government should not unnecessarily intervene in the economy. |
