What is the importance of Economics Rights?

What is the importance of Economics Rights?

Citizens in modern states enjoy several economic rights. These rights are meant for satisfying their basic needs. They help the citizens to lead a smooth and happy life.they enable to overcome economic problems like poverty, hunger, unemployment etc. In this context many states have conferred on their citizens some economic rights. They may be explained as below.

Right to Work 

Right to Adequate wages

Right to Reasonable Hours of Work

Right to Compensation

Right to Self-government in Industry

 

 1) Right to Work 

 

Right to work enables individuals to earn their livelihood. It is the utmost obligation of the state to provide some sort of work to all the citizens. The state provides various opportunities to them to utilise their physical and mental calibres for earning adequate livelihood. In this regard some prominent socialist and communist states legally conferred this right to their citizens.

 

2)Right to Adequate wages 

 

 This right is a corollary to the right to work. People must be provided with this right for securing reasonable wages. This right is based on the notion of "equal pay for equal work." It means that the state should not make discrimination between men and women in determining their salaries and emoluments. 

 

3) Right to Reasonable Hours of Work

 

 This right aims at determining rules and regulations in regard to the working hours, adequate leisure, recreational facilities etc. It is an essential economic right to be possessed by the workers in a state. It enhances the efficiency of the workers.This right enables individuals to have freedom in various walks of life. It makes their life worth living. It enables them to develop their personality in various spheres. It includes various freedoms such as freedom of movement, speech, expression, thought, residence etc. 

 

 4) Right to Compensation 

 

This right provides economic security to the employees working in various fields. According to this right whenever an employee falls sick or dies in an accident during the service, his immediate dependents will be given employment on compassionate grounds. considered this right as the most fundamental civil right. This right provides security to the individual's life. Individuals can not lead their lives in the absence of this right. This right is based on the premise that life of an individual is valuable not only to himself, but also to the society and the state as a whole. Hence it prescribes the state to extend protection to the life of individuals. However, it empowers the state to impose some reasonable restrictions upon individuals. State can insist any person to sacrifice his life for the sake of the nation. This right also includes the right of self-defence. 

 

5) Right to Self-government in Industry

 

 This right implies workers participation in the management of the industries. It makes the workers responsible, active and committed in their work. It injects initiative among the workers in a factory thereby increasing the productivity and output.This right implies that individuals are equal before law. It forbids discrimination on the basis of one's caste, colour, creed, education, region, race, religion, wealth etc. t enables equal treatment of all persons. It provides scope for uniform application of laws. It provides equal opportunities to all persons in social, economic and political fields. 

 

Enjoyed this article? Stay informed by joining our newsletter!

Comments

You must be logged in to post a comment.

About Author