Question

7. Discuss what should be the objectives that an ideal democratic government should have in mind when designing a mechanism for the reallocation of the electromagnetic spectrum. This is not a question about your own personal values, but rather about how to aggregate the individual values of different members of society. That is, I expect you to base your answer almost entirely on the different notions of social welfare in economics as pareto efficiency and utilitarianism

Answer 1

A fair government is an administration chosen by the individuals for the individuals to the individuals . The general goal of this administration it is to expand the advantages for the people.The goal of a vote based government while making any distribution is to amplify the negligible social advantages at any given time.they should ensure the social proficient portion

in the chart a free assignment will prompted the offer of amount q at value p however by the methods for money saving advantage examination the best point for an economy is to opperate at minor social advantages bend in light of the fact that by then they can have most extreme advantage for society

Factor influencing social advantages are

Competative work showcase this implies the profitability of the works ought to be utilized to the greatest conceivable option accessible.

Confine imposing business model force as it bring about decreasing social advantage in the economy

Confine monopsony in the market

Endurance of little firms .the legislature must ensure the interests of little firms