'Safety Nets', Such as Welfare Payments, Are Designed To

question 116

Multiple Choice

'Safety nets', such as welfare payments, are designed to:

• A) increase income inequality.
• B) prevent rich people from getting richer.
• C) provide minimum income level for all citizens.
• D) act as an incentive to work.

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Definitions:

Glocalization

The practice of conducting business according to both local and global considerations, incorporating local adaptations into global strategies.

Local

pertains to practices, products, or activities that are specific to a particular area, community, or culture, often emphasizing small-scale and community-based operations.

Global Co-Exist

The concept of various cultures, nations, or global businesses working together in harmony or mutual respect.

Deterritorialization

The process by which social, cultural, or political boundaries become less relevant due to globalization and technological advancements.