What is the term for financial assistance provided to unemployed individuals?

Study for the IB Geography Exam with flashcards, multiple choice questions, and explanations. Prepare for your success!

The term for financial assistance provided to unemployed individuals is "Benefits" or "Welfare." This kind of assistance is designed to support individuals who are temporarily out of work and provides them with a source of income to help cover living expenses while they seek new employment. These benefits can take various forms, including unemployment insurance, food assistance, and housing support, and are often funded by the government through taxation.

In contrast, tax relief generally refers to reductions in the amount of tax owed, which doesn't directly provide financial support to the unemployed. Subsidies usually involve financial support for businesses or specific economic sectors to encourage production or lower prices, rather than directly helping individuals who are without work. Loans are borrowed funds that need to be repaid, which does not apply to the context of financial assistance specifically for the unemployed, who often need support rather than debt.

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