Answer to Question #202764 in Microeconomics for serene

Question

what are welfare payments or consumer subsidies? what is the south african government providing and to whom? what are the costs and consequences of providing then subsidies and welfare? are there any welfare or subsidy payments that's should be reviewed or added? are there current subsidy or welfare issues that are being discussed or addressed in parliament

Answer 1

Consumer subsidies are know to be subsidies subsidizing consumer's behavior.

It tend to be important for the government reviewing as well as adding subsidies or welfare payments. They are designed to elevate some work-load and kind of burden towards citizens.

Providing subsidies may contribute to high taxation within the economy. It also contributes to difficulties in determining success.

There are several subsidy and welfare payment need to be reviewed, since they contribute to inefficiency within the market.

Issues such as Monetary payments, distribution of vouchers subsidies of farmers as well as housing assistance differ from countries but commonly availed to people that are disabled, unemployed, senior citizens however they need to be addressed.