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प्रश्न
How does public expenditure on social security schemes enhance production in an economy?
थोडक्यात उत्तर
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उत्तर
Public expenditure on social security scheme enhances the production in the economy in two ways:
- Social protection reduces income risks, which may lead to increased risk-taking, investment, productivity, and, as a result, growth.
- Social spending boosts productivity by alleviating poverty.
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