Universal Basic Income refers to a government program that provides a fixed amount of money to all citizens, regardless of their income or employment status. It is designed to ensure that everyone has a minimum level of financial security.
Related terms
Poverty Line: The poverty line is the threshold below which individuals or families are considered to be living in poverty.
Welfare State: A welfare state refers to a system in which the government plays an active role in protecting and promoting the economic and social well-being of its citizens.
Means Testing: Means testing is the process of determining eligibility for government assistance programs based on an individual's income and assets.