welfare state
Definition
Political system based on the premise that the government (and not the individual, corporations, or the local community) has the responsibility for the well being of its citizens, by ensuring that a minimum standard of living is within everyone's reach. This commitment is translated into provision of universal and free education, universal medical care, insurance against disability, sickness, and unemployment, family allowances for income supplement, and old age pensions.
Mentioned in these definitions
Popular 'Economics, Politics, & Society' Terms
welfare state in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/welfare-state.html







