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What are the three ways the government redistributes income?

Anonymous

∙ 10y ago

Updated: 9/24/2023

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Q: What are the three ways the government redistributes income?

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The government creates income from what?

One of the ways through which the government gets income is taxation. The government also gets income from corporations or businesses that it has a stake in.

The government income creates what?

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In a Three-sector economy ,along with the household sector & business sector there is government sector too.Because the government can influence on the circular flow of income in 2 ways.1.It collects taxes[=T] from households & firms,and2.it makes various payments [=G] to household & business sectors.Here taxes can be taken as a lekage & government expenditure as an injection.

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