Question

write the essay Describe five ways a government policymaker can try to raise the growth in living standards in a society?

Answer 1

A living standard is understood as the level of necessities which are available to the people living in a country and it is a broad topic which includes factors such as the income, life expectancy, economic opportunities available etc. The government can raise the living standards in a society by:

1. One of the most important ways through which the government can improve the standard of living is by increasing the education levels in the society. This is because mostly people do not have access to good standards of living as they are uneducated and hence cannot exploit opportunities and earn more. If more number of people are educated, then this would mean that they could earn more and gain access to a better standard of living. The polic makers have to make it mandatory that good quality education is available to everyone, this would ensure that the knowledge gained can be utilised to gain good employment opportunities and earn more income in the future.

2. If the government increases the infrastructure in the nation, then this would give employment opportunities to thousands of people and help in increasing their standards of living as they have access to more income. Usually people do not have access to a good standard of living because they are unemployed and do not have means to earn. If the policy makers invest in infrastructure such as railways, this will provide employment and thereby increase the standard of living of the lower income people in the society.

3. The fiscal policies framed by the policy makers aid in improving the well being and living standards of people in the society.The fiscal policies should be framed such that the vulnerable are protected and not left behind. This helps improve the standard of living in the society. Along with this, the minimum wages should be set above the cost of living so that the living standards are enhanced.

4. Another effective way to improve the standard of living is by enhancing the skills of the people in the nation.The policy makers can form various programs which would ensure that the skills of the youth are enhanced, this would help them get better employment and income, finally improving the standard of living. Poor nations can also take the help of advanced nations and get access to better skills so that the standard of living improves.

5. The policy makers have to ensure that the public services are available at affordable prices. Along with making the public services such as housing affordable, they should also ensure that the services are of good quality so that the standard of living in the society is enhanced.