39 Flashcards
(6 cards)
1
Q
Equality
A
Everyone gets treated the same
2
Q
Equity
A
Society distributes resources fairly among its people(wealth,income, gov benefits)
3
Q
Means tested benefits
A
Benefits targeting only low income households(income support, unemployment benefit)
4
Q
Universal benefit
A
Paid to everyone in certain categories regardless from age income or wealth(pensions or child benefit)
5
Q
Universal basic income
A
Cash payment made by gov at regular intervals regardless of earning or employment status
6
Q
Negative income tax
A
Money paid out by the government to those earning below an agreed annual fixed benefit