39 Flashcards

(6 cards)

1
Q

Equality

A

Everyone gets treated the same

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2
Q

Equity

A

Society distributes resources fairly among its people(wealth,income, gov benefits)

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3
Q

Means tested benefits

A

Benefits targeting only low income households(income support, unemployment benefit)

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4
Q

Universal benefit

A

Paid to everyone in certain categories regardless from age income or wealth(pensions or child benefit)

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5
Q

Universal basic income

A

Cash payment made by gov at regular intervals regardless of earning or employment status

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6
Q

Negative income tax

A

Money paid out by the government to those earning below an agreed annual fixed benefit

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