BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Recipients don’t have to work.
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Businesses must budget more money for taxes.
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Funds received by recipients are spent in businesses.
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Government has control of how the recipients spend their money.
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Detailed explanation-1: -With subsidies, consumers are able to access cheaper products and commodities. Markets that have positive externalities, which are extra benefits to society, tend to be favored in policy to provide a greater supply of that good and service.
Detailed explanation-2: -The government does a variety of works for the welfare of its citizens: It makes decisions and gets things done. It builds roads and schools. It takes decisions about how to reduce the price of essential goods when they get too expensive or ways to increase the supply of electricity.
Detailed explanation-3: -What Is Welfare? The term welfare refers to a range of government programs that provide financial or other aid to individuals or groups who cannot support themselves. Welfare programs are typically funded by taxpayers and allow people to cope with financial stress during rough periods of their lives.
Detailed explanation-4: -It aims to compensate for the loss of income due to unemployment, disability or death caused by accident and old age through social insurance and social assistance. policy for the welfare of underprivileged sections of the society, to achieve the goals of welfare state through social action.