Question

governments role in eradicating poverty ? i want essay on this
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Answer 1

Answer:

In summary, to reduce poverty, government policies could include:

Means-tested welfare benefits to the poorest in society; for example, unemployment benefit, food stamps, income support and housing benefit.

Minimum wages. Regulation of labour markets, for example, statutory minimum wages

Free market policies to promote economic growth – hoping that rising living standards will filter down to the poorest in society.

Direct provision of goods/services – subsidised housing, free education and healthcare.

There are two major types of poverty:

Absolute poverty – when people have insufficient income to afford the necessities of life, such as food, rent and clothing.

Relative poverty – when people have income significantly less than the average income for society.

Some policies, such as promoting economic growth may be successful in reducing absolute poverty but less successful in relative poverty.