Difference between revisions of "Social Benefits"
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Latest revision as of 18:40, 11 March 2020
Social Benefits - (noun)
Definition
The OECD defines social benefits as ‘transfers received by households intended to provide for the needs that arise from certain evens or circumstances, for example, sickness, unemployment, retirement, housing, education, or family circumstances.
Extra
Source: Taken from OECD
Example of Use: The government introduced cuts to social benefits as part of the austerity measures.