Equity, Welfare, and Distribution



Equity, Welfare, and Distribution

Introduction

Economics is a vast field and there are a number of different subjects that are studied in the field of economics. Equity, welfare and distribution are very important concepts that are studied in the concepts of economics. It is very significantly observed that equity, welfare and distribution are very important to be studied in any important subject ion terms of economics (Husock, 2003). The core focus of this paper is to identify the importance equity, welfare and distribution in the case of housing policy in the United States.

Discussion

The housing policy of the United States has not been stable from a long period of time. In addition to this, it is very important to understand there have been a number of issues in the housing policy of the United States. One of the main problems includes the housing problem, which refers to the shortage of housing for the poor people. This problem emerged as a significant issue in the United States in the 1980s and this issue continued significantly in the next decades to come (Green, 2003). Homelessness has been a major issue in the United States in the near 10 years. The rents have been taking increasing amounts of the incomes earned by poor people. In large number of cities, the rental vacancy rate has reached below 3 percent or less.

There has also been a drama of scandal in the atmosphere of housing policy and schemes of United States. The allegation that former Republican officials were able to obtain large kickbacks by steering the federal housing funds to tackle the problem that starts from the top of the issue chart. A familiar social chord was struck in the October, 1989 when 40,000 people came to Washington and marched to demand a “housing ...