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Institutions and Social Structures

Welfare State

Economic Institutions

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A welfare state is a form of government in which the state protects and promotes the economic and social well-being of its citizens, resting on principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to secure the minimal provisions of a good life on their own.

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Associated With

The welfare state redistributive programs are funded principally through taxation.

Sources
Welfare State (Wikipedia)
Wikimedia FoundationLead section
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A welfare state is a form of government in which the state protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions for a good life.
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