Policy Approaches to Alleviate Poverty in an Economic System

The video explores various policy approaches to alleviate poverty within economic systems, focusing on income and wealth inequality. It discusses the fiscal drag effect, poverty trap, and unemployment trap, highlighting how tax and benefit systems can influence poverty levels. The video also examines potential remedies and the importance of adjusting policies for inflation. Key considerations include economic schools of thought, fairness perceptions, and different forms of poverty.

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