Question

it is always a truism that any initiative to minimum the cost of risk in societies by government would maximum the value of society resource .mention and explain the various forms of risk exposure.

Answer 1

MINIMUM COST OF RISK IN SOCIETIES BY GOVERNMENT WOULD MAXIMUM THE VALUE OF SOCIETY RESOURCE: Every government’s basic rule is to serve the society with some innovative implements that can help the society .During these implementations and initiations there are some risk related actions that can pass by the government in order to gain in the society. There are different risks through which the maximum value is added to the society resource. The below mentioned are the various risks in the society that will affect a minimum to the government but maximum value to the society.

1. Risk of Education: Providing proper education is every government’s responsibility which will add a lot to the society in future. If the society is educated the government is well organized and society will develop and people start thinking beyond the level to get innovative and discovered ideas to develop the government. A minimum risk is involved but adds more to the society by providing education.

Education is basic right of a government as education plays a major role through education we can overcome many issues. The society and country development is involved in individual education. There are so many countries are still under developing because of no proper education. Still government is having risk in providing free education but the societies are getting maximum benefits.

2. Risk of Employment: This is one of the major drawback of any government failure of providing employment to every educated. When a government fails to create employment its almost fails in everything as most of the youth will oppose the government and take various actions to degrade the government. Every government taking an initiate steps to develop employment and basic work for the unemployed to earn. It’s very difficult as providing employment to every eligible candidate. So government helping the societies by giving providing some help to start up companies or business to develop and grow individually and provide employment for some others through innovative business thoughts and ideas.

3. Risk of Food Security: The basic human right to get proper food, shelter and clothes. The government’s first responsibility is to provide food security to the people of that society who fall under below perversity line. There is some risk involved in it but the ultimate use for the society. There are families who fail to earn their basic right of earning food. There are so many schemes that governments are implementing to ensure the food security to the society which is a maximum gain and worth of making and taking the risk.

4. Risk of Health Insurance: As there is growth in technology and environmental and food habits there are change in health and its risks. The primary health insurance is every individual right and government is taking major actions to implement the free health care hospitals to ensure the health of every individual. Because a health nation is a wealth nation. Without health no one can achieve anything in this world, Health is very important to everyone and government taking risk to provide health benefits to its people is a health risk that can achieve a more succeeds rate of growth to the society.