Microeconomics
Added on 2022-12-26
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Running head: MICROECONOMICS
Microeconomics
Name of the Student
Name of the University
Author note
Microeconomics
Name of the Student
Name of the University
Author note
1MICROECONOMICS
Table of Contents
Answer to Question 1...................................................................................................................... 2
Answer to Question 2...................................................................................................................... 3
Answer to Question 3...................................................................................................................... 4
Answer to Question 4...................................................................................................................... 4
Answer to Question 5...................................................................................................................... 5
Answer to Question 6...................................................................................................................... 6
Answer to Question 7...................................................................................................................... 8
Answer to Question 8...................................................................................................................... 9
Reference List ............................................................................................................................... 10
Table of Contents
Answer to Question 1...................................................................................................................... 2
Answer to Question 2...................................................................................................................... 3
Answer to Question 3...................................................................................................................... 4
Answer to Question 4...................................................................................................................... 4
Answer to Question 5...................................................................................................................... 5
Answer to Question 6...................................................................................................................... 6
Answer to Question 7...................................................................................................................... 8
Answer to Question 8...................................................................................................................... 9
Reference List ............................................................................................................................... 10
2MICROECONOMICS
Answer to Question 1
Appropriate economic incentives for the farmers of West Bengal helped to channel
development activities into sustainable patterns, which utilized the use of natural resource assets.
The Operation Barga of West Bengal government of India increased the income of the farmers and
the overall output of the region (Azrieli and Kim 2014). Some common property problems and
externalities lead to policy failure and price distortion for the farmers. The economic incentives
enhanced the productivity efficiency of the farmers. The economic incentives like the Operation
Barga promoted conservation of resources, raise economic productivity and ameliorate poverty of
the region.
The Operation Barga relieved the farmers of the West Bengal from giving half of their crop at
harvest time to the landowner. The lack of land resource compelled the farmers to rent land from
landowners in exchange for a half of the crop produced. The new law relaxed the farmers in many
ways and protected their rights (Bardhan et al. 2014). The contribution of economic incentives
through the Operation Barga is huge. The reason behind the success of the Operation Barga of
West Bengal government are as follows:
• It protected the sharecroppers’ rights and improved the tenancy terms. As a result, the
farmers are not asked to give half of their crop. They kept up to three quarters of their crop.
They were also shielded from the eviction by landowners.
• The farmers’ organizations and Village Panchayats helped in the increment of
appropriation of surplus land.
• The law facilitated the landless laborers and farmers by redistributed surplus land to them
and provided credit provisions to beneficiaries.
Answer to Question 1
Appropriate economic incentives for the farmers of West Bengal helped to channel
development activities into sustainable patterns, which utilized the use of natural resource assets.
The Operation Barga of West Bengal government of India increased the income of the farmers and
the overall output of the region (Azrieli and Kim 2014). Some common property problems and
externalities lead to policy failure and price distortion for the farmers. The economic incentives
enhanced the productivity efficiency of the farmers. The economic incentives like the Operation
Barga promoted conservation of resources, raise economic productivity and ameliorate poverty of
the region.
The Operation Barga relieved the farmers of the West Bengal from giving half of their crop at
harvest time to the landowner. The lack of land resource compelled the farmers to rent land from
landowners in exchange for a half of the crop produced. The new law relaxed the farmers in many
ways and protected their rights (Bardhan et al. 2014). The contribution of economic incentives
through the Operation Barga is huge. The reason behind the success of the Operation Barga of
West Bengal government are as follows:
• It protected the sharecroppers’ rights and improved the tenancy terms. As a result, the
farmers are not asked to give half of their crop. They kept up to three quarters of their crop.
They were also shielded from the eviction by landowners.
• The farmers’ organizations and Village Panchayats helped in the increment of
appropriation of surplus land.
• The law facilitated the landless laborers and farmers by redistributed surplus land to them
and provided credit provisions to beneficiaries.
3MICROECONOMICS
The laws of the Operation Barga accompanied by complementary policies benefitted the farmers
of West Bengal, India.
Answer to Question 2
The action which is morally right and produce a good consequence or outcome, is
acceptable from the Consequentialism perspective. Though, it is primarily non-perspective, as the
determination of moral worth of an action will be done by its potential consequences. There is no
influence of set of written laws or edicts on the action (Beach and Lipshitz 2017). The law of the
Operation Barga is the part of State consequentialism, as it contributes to the welfare of the State
West Bengal (Bhalotra et al. 2019). The result or consequences of the Operation Barga is positive
and it helped the farmers in many ways. The overall condition of the region improved and there
was betterment in the living standards of the farmers due to alleviation of poverty.
Thus, it is justified from the consequentialism perspective because of its right result. The
standard of the action taken is determined by the degree of the right result it produced. The action
taken by the government of West Bengal maximized the well-being of the farmers of that region.
The Operation Barga is used to address the issues faced by the farmers due to renting land from
landowners (Chen, Shanthikumar and Shen 2015). The burden of sharing half their crop in
exchange of renting land created a lot of problem for the farmers and they suffered from severe
poverty. The imposition of Operation Barga resulted in growth of agricultural productivity of the
region of around 28%. It was a good policy which induced economic development in the villages
of West Bengal. Thus, it influenced the welfare of the human being and met the ethics of the
consequential perspective.
The laws of the Operation Barga accompanied by complementary policies benefitted the farmers
of West Bengal, India.
Answer to Question 2
The action which is morally right and produce a good consequence or outcome, is
acceptable from the Consequentialism perspective. Though, it is primarily non-perspective, as the
determination of moral worth of an action will be done by its potential consequences. There is no
influence of set of written laws or edicts on the action (Beach and Lipshitz 2017). The law of the
Operation Barga is the part of State consequentialism, as it contributes to the welfare of the State
West Bengal (Bhalotra et al. 2019). The result or consequences of the Operation Barga is positive
and it helped the farmers in many ways. The overall condition of the region improved and there
was betterment in the living standards of the farmers due to alleviation of poverty.
Thus, it is justified from the consequentialism perspective because of its right result. The
standard of the action taken is determined by the degree of the right result it produced. The action
taken by the government of West Bengal maximized the well-being of the farmers of that region.
The Operation Barga is used to address the issues faced by the farmers due to renting land from
landowners (Chen, Shanthikumar and Shen 2015). The burden of sharing half their crop in
exchange of renting land created a lot of problem for the farmers and they suffered from severe
poverty. The imposition of Operation Barga resulted in growth of agricultural productivity of the
region of around 28%. It was a good policy which induced economic development in the villages
of West Bengal. Thus, it influenced the welfare of the human being and met the ethics of the
consequential perspective.
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