Question

name the economic assistance given by govt to firms and households with a motive of general welfare.​

Answer 1

Answer:

mark krdo j pleasw

The welfare definition of economics is an attempt by Alfred Marshall, a pioneer neoclassical economist, to redefine his field of study. This definition expands the field of economic science to a larger study of humanity. ... In the words of Marshall, "man earns money to get material welfare."

Answer 2

Government Subsidies are the Economic Assistance which are given by the government.

Explanation:

• A government subsidy is a form of financial assistance or aid which is general to promote economic and social policy, applied to an economic sector (commerce or individual).

• The subsidy applies to a discount given to the public by the state, which is often lower than the cost of selling the basic products at affordable prices.

• In the form of tax rebates or cash payments, particular individuals or agencies can collect such subsidies.

• A government subsidy or reward is a form of financial aid or assistance provided to the company or individual economic sector in general to facilitate economic and social policy.

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