| 单词 | welfare state |
| 释义 | welfare state A state committed to ensuring for all its citizens at least some minimum standard of living, including housing, education, and medical services. Advocates argue that the welfare state is not merely equitable, but also efficient, since the absence of this provision leads to externality in the form of crime, poor public health, and failure to become employable. Critics point to its considerable cost, and the adverse effects on incentives of both the taxes needed to pay for benefits and the means test used to limit them. |
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