Why should Europe and other developed countries be concerned about the

History

1 answer:

MatroZZZ [7]3 years ago

6 0

Answer: c. younger workers pay taxes that cover pensions, retirement, and healthcare for elderly people.

Explanation:

The younger generation are the working age population. Because they have jobs, they can be taxed for the benefit of society. Their taxes go towards many social programs including pensions, retirement benefits and healthcare for the elderly.

If the population is aging, it means that there would be more elderly people. Elderly people no longer work and so cannot be taxed as much to provide the aforementioned benefits so an aging population presents a problem to their welfare.

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What is privatization and why have some governments used it?

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<u>Privatization:</u> The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people.

<u>Why have some governments used it?</u>

There are numerous reasons why governments turn to privatization. Cost reduction is one motivation for privatization. The desire to transfer risk from the public sector to the private sector can lead to privatization. Another rationale for privatization could be as a new source of revenue.

I hoped this helped. Have a great day!!

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