Overview
Social safety nets are essential government programs that provide financial assistance to individuals and families in need. They play a critical role in reducing poverty and promoting economic stability by offering support during difficult times. These programs can take various forms, including cash...
Key Terms
Example: Unemployment benefits are a type of social safety net.
Example: Many families live in poverty without access to basic needs.
Example: Income inequality can lead to social unrest.
Example: Cash transfers help families afford food and housing.
Example: Food stamps are an example of in-kind benefits.
Example: Welfare economics evaluates the impact of social safety nets.
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intermediateKey Concepts
poverty reductioneconomic stabilitygovernment programssocial welfare