Government uses all of the following ways to redistribute income, except
ECONOMICS
JAMB 2023
Government uses all of the following ways to redistribute income, except
- A. Market intervention
- B. Transfer earnings
- C. Limited liability
- D. Taxation
Correct Answer: C. Limited liability
Explanation
Limited liability is not a mechanism Government use to redistribute income. Government redistribute income in the following ways: taxation, welfare, public services, land reform, monetary policies etc.
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