Question

how does the governments social and economic policies affect the quality of life?

Answer 1

Answer-Governments social policies are made for the welfare of residents of the country. It includes education policy, health policies, pension to old age citizens policy, housing policy, etc it affects the quality of life of citizens. In education policies different schools and colleges established for the poor section of the society who cannot afford private colleges. In health policies, hospitals are established for the proper treatment of citizens. Pension to old age citizens gives some financial freedom to the senior citizens of the country. By the housing policy lots of government made houses allocated to the poor section of the society now those peoples are no more homeless etc. Economic policies are those policies that are made by the government for the development of the country's economy as well as the development of citizens of a country. When government increases tariff rates on imports then the cost of goods and services increases which directly affects the quality of life of citizens, change in monetary policies also leads to change in interest amount on loans and borrowings affects the quality of life, creation of employment is the economic policy by which lots of individuals get a job and earn which changes the quality of life. An increase or decrease in the inflation rate also leads to an increase and decrease in the prices of goods and services which affect quality of life.