Examlex
Which step involves transformation?
Contributory Program
A social program financed through the contributions of its participants, often via taxes or premiums, providing benefits based on those contributions.
Social Security
A government program that provides financial assistance to people who are retired, disabled, or otherwise eligible for benefits based on their earnings records.
Income Percentage
The proportion of a person's or entity's income relative to a specific benchmark or total income, often used in financial analysis and planning.
Shadow Welfare State
A term describing indirect government social welfare policies implemented through tax breaks, subsidies, and other means not directly recognized as social welfare spending.
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