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level: State Provision

Questions and Answers List

level questions: State Provision

QuestionAnswer
What is State Provisions?-This is when the Government will dish out Goods and Services [Government Expenditure] -The Army, State Army’s, or Nukes are Examples [ish]
How can State Provisions be given out to the Public?-Directly from the Government - they themselves Dish it out -Or through Purchasing it from the Private Sector - Community Health Services to be Bought by the Government and allow NHS Patients there
Why may Governments want to State Provide some Goods and Services? What influences how Intense they go?-Government to Encourage the Consumption of Merit Goods, like Health and Education - Long term Economic Benefits -Reduce Inequalities as its Free [If its Provided Freely] -Redistribute Income - Money needed to Pay can come from Taxing the Wealthy -Ultimately it is a Value Judgement by the Government, as they Chose the Amount
What are the Disadvantages of State Provision?-Absence of the Price Mechanism can Reduce the Efficiency of the Market -May Fail to Match Consumer Demands as there is no motive of Profit to Decide what is Supplied -Opportunity Cost!!! -May Reduce one’s Self-Reliance. They Know that Goods and Services are there to treat them so, why not Exploit?
Why does the Government provide Healthcare freely - What are the Drawbacks?-Consumption of such leads to more Happier Population -Free Provision challenges the Inequality -Increase Productivity - Less People take Sick Days … However Excess Demand can Occur - Long Waiting List in the NHS for an Appointment. -Lack of Price Mechanism means Hospitals care Less for Resources -Limited Budget vs Covering the Whole Population? Covering everyone’s Needs and Wants? -Reduce the Patients Self-Reliance