Table of Contents
Why is government intervention inefficient?
Government failure occurs when government intervention results in a more inefficient and wasteful allocation of resources. Government failure can occur due to: Poor incentives in public sector. Bureaucracy and administration costs higher in public sector.
Why are government bureaucracies inefficient?
Public bureaucracies are less efficient than private organizations in many of their activities. This is generally attributed to the absence of competition and of the profit motive, and to the particular constraints of public bureaucracies with regards to transparency and the weaker governance of the political market.
What are some reasons why markets might fail necessitating government intervention into the economy?
Market failure can be caused by a lack of information, market control, public goods, and externalities. Market failures can be corrected through government intervention, such as new laws or taxes, tariffs, subsidies, and trade restrictions.
Why is corruption a serious concern for the people of India?
Corruption is a cause of serious concern for the people of India. Since, it is adversely affecting all aspects of their life- social, spiritual, political, economical,educational,moral. It is spreading like tumour in all systems and administrations. Hence, it is a responsibility on every citizen of India to make our country free of corruption.
Is government bureaucracy inherently inefficient?
The evidence is persuasive that government bureaucracy is inherently inefficient precisely because it is not faced with any of the forces which make private business management its opposite. This point has been made frequently. In his book, Bureaucracy, Ludwig von Mises goes to some length to explain it.
What is the Grievance Redress Mechanism in the Indian government?
Grievance redress mechanism in Government. The grievances of public are received at various points in the Government of India .There are primarily two designated nodal agencies in the Central Government handling these grievances. These agencies are:- (i) Department of Administrative Reforms and Public Grievances , Ministry of Personnel,…
When was the Directorate of Public Grievances set up in India?
3.1 Based on the review of the public grievances redress machinery in Government of India carried out in 1987, the Directorate of Public Grievances was set up in the Cabinet Secretariat with effect from 01.04.88.