ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The main examples of the safety net are Supplemental Security Insurance (SSI), Earned Income Tax Credit (EITC), nutritional assistance, Medicaid, and Temporary Assistance for Needy Families (TANF).

Detailed explanation-2: -Social Safety Net Definition This broad definition includes Social Security, Medicare, Medicaid, Unemployment, and Welfare Programs in the U.S. The term is used in a narrower sense to refer only to programs that protect low-income or homeless citizens.

Detailed explanation-3: -A safety net is a net to protect people from injury after falling from heights by limiting the distance they fall, and deflecting to dissipate the impact energy. The term also refers to devices for arresting falling or flying objects for the safety of people beyond or below the net.