What is meant by redistribution of resources?
A)shifting wealth from one segment of the population to another, generally from rich to poor
B)shifting the tax burden from individuals to corporations
C)shifting the source of taxes from income to purchases
D)attempting to equalize the percentage of taxes paid by each individual, taking into account both income and sales taxes
E)shifting the tax burden from corporations to individuals

Question

Quizplus · Accepted Answer

Redistribution of resources refers to the process of shifting wealth from one segment of the population to another, generally from rich to poor. This is often done through government policies and programs such as progressive taxation, welfare programs, and public education and healthcare, among others. The goal is to create greater equality in society and ensure that everyone has access to basic necessities and opportunities.

What Is Meant by Redistribution of Resources