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Neeru Dhillon
on Oct 26, 2024

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The welfare state:

A) often takes up a large share of government spending in wealthy countries.
B) is generally referred to as Social Security.
C) usually takes up only a small share of government spending in wealthy countries.
D) affects only low-income households.

Welfare State

The collection of government programs designed to alleviate economic hardship.

Government Spending

The total expenses incurred by a government on goods, services, and public projects.

Wealthy Countries

Nations characterized by a high level of income per capita, advanced infrastructure, and a strong economy.

  • Understand the role of the welfare state, social insurance schemes, and governmental transfers in addressing poverty and ensuring social security.
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