Examlex
When governments are limited in terms of how control is exercised,these governments are said to have
Equality-Efficiency Trade-Off
The decrease in economic efficiency that may accompany a decrease in income inequality; the presumption that some income inequality is required to achieve economic efficiency.
Incentives To Work
Factors or motivations that encourage individuals to perform tasks or engage in employment.
Income-Maintenance Program
Governmental policies designed to provide financial support to individuals or families to ensure a basic level of income and prevent poverty.
Social Insurance
Government-provided insurance, typically funded through taxation, that covers individuals against economic risks (e.g., unemployment, disability).
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