Question

Institutional safeguards to minimize the negative effects of globalization on those who are economically weak are known as ______.

Options

• Welfare measures

• Social safety nets

• Economic liberalization

• Voluntary services

Answer 1

Institutional safeguards to minimize the negative effects of globalization on those who are economically weak are known as Social safety nets.

Explanation:

Social safety nets are institutional safeguards, such as public assistance programs, unemployment compensation, food security measures, and health subsidies, that are intended to protect the economically vulnerable from the negative effects of globalisation, economic shocks, or crises.