Crude oil supplier<span> to India </span>
Answer:
I would say that is not enough. Wealth inequality continues to grow, and governments do not know exactly what to do: they could raise taxes, or lower taxes, increase competition, or lower competition, promote foreign investment, or apply a more protectionist economic policy. For this reason, governments should define a coherent policy and plan to promote social justice.
Enviromentally, indicators are even worse. Most economic activity is still fueled by fossil fuels, and the use of renewable energy is not nearly enough. Temperatures continue to rise very fast, and ice caps, specially in the Artic and Greenland, are melting more quickly than before. Perhaps, the use of Nuclear Energy should make a comeback, since most scientists agree that Nuclear Energy is not only safe, but the only realistic alternative to fossil fuels that we have.
The amount of retirement income that employees would receive upon retirement is specified under a defined benefit plan (APERS). A defined contribution plan merely stipulates how much each party—the employer and the employee—puts into the retirement account of the employee.
<h3>What is the difference between defined benefit and defined contribution plan?</h3>
- For each participant in a defined-benefit pension plan, employers finance and guarantee a certain amount as retirement benefits.
- As the participant defers a percentage of their gross pay, defined-contribution plans are largely supported by the employee. Employers may decide to match the contributions up to a specific level.
- The responsibility of saving and investing for retirement has been put on employees as a result of the switch to defined-contribution plans.
- The 401(k) is the preferred defined-contribution plan (k).
- Companies have a consistent preference for defined-contribution plans over defined-benefit plans.
To learn more about defined benefit and defined contribution plan, refer to the following link:
brainly.com/question/12334165
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