Examlex
How does the specific purpose statement differ from the central idea?
Government Transfer Program
Programs through which governments redistribute income, typically from taxpayers to individuals in need, such as welfare, social security, and unemployment benefits.
Unemployment Compensation
Financial payments made to individuals who have lost their jobs until they find new employment, provided by the government or insurance programs.
Social Security
A government program designed to provide financial assistance to retirees, disabled individuals, and survivors of deceased workers.
Externalities
Economic side effects or consequences of an industrial or commercial activity that affect other parties without being reflected in the cost of the goods or services involved, either positively (benefits) or negatively (costs).
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