Question

As a voter, do you think about the state of the economy when selecting a candidate for office? Why? Even if you do not vote, what aspects of the economy are important to you? Why?

100 word

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Answer 1

Voting is the tool in a democracy that empowers citizens to take decisions that would impact a myriad of outcomes including economic and social. The conventional theory of economic voting states that voters reward or punish the incumbent government based on the performance of the domestic economy. As a voter, thinking about the economy before voting is important as the election outcomes can influence economic performance in many ways. For example, the government can be a pro capitalist economy which would benefit the upper echolons of the society whereas a more welfare centred governmnet would allocate resources for benefit of all sections of society. A government dedictaed towards stability of the economy can ensure a sustained rise in GDP, employment and keep inflation levels low. All these factors are important for an ordinary citizen and are considered before voting.

Aspects of economy that are important- a sustained increase in GDP, low unemployment, low inflation, stable macroeconomic environment, a robust banking and finacial system, flow of credit, flow of foreign investment and capital and the overall improvment in human devleopment index.

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