Question

An important trade-off society faces is between efficiency and equality. Please explain this trade-off and provide...

An important trade-off society faces is between efficiency and equality. Please explain this trade-off and provide an example (a public policy for example) which intended for better efficiency (or equality) but has to reduce the other.  

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Answer #1

Consider the case of reservations in jobs.In reservation policies, there are certain jobs that are indeed set aside for the discriminated or the backward class of the country so that they also develop on the whole and preserve equality of the country. However this is equality but cannot be termed as an efficient process and this is because of the fact that the high skilled worker cannot get a job where the person with reservation can easily crack the job on the whole. This tradeoff might not be fair but it actually intends to stand with equality all in all.

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