Explain the origin of welfare state and pension system

Accounting Jan 21, 2021

Explain the origin of welfare state and pension system.

Expert Solution

After second world war, welfare state was a concept of cardle to grave. the government has intervented to guarantee the citizens with minimum level of education, health,shelter and retirement benefits . this concept has been originated in 19th century. It promotes economical and social well being of people.

When Indian people struggled for independence the British government has started pension system at 1857 in India later it was replaced as indian pension act 1871

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