Answer to Question #60767 in Microeconomics for Jhoana
State your conclusion and a piece of statistical evidence that supports your conclusion,
Governments can intervene to promote equity, and reduce inequality and poverty, through the tax and benefits system.
Cash benefits are designed to help those on low or zero original income, and include contributory and non-contributory benefits.
Benefits in-kind are those services, such as healthcare and education, that are provided free or heavily discounted at the point of consumption.
The long-term aim of a minimum wage is to remove the problem of poverty pay, which exists when the earnings from paid work do not result in a living wage and fail to push people out of poverty.
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