What does democracy literally mean?

The word ‘democracy’ has its origins in the Greek language. It combines two shorter words: ‘demos’ meaning whole citizen living within a particular city-state and ‘kratos’ meaning power or rule.

What does a welfare state provide?

The welfare state is a way of governing in which the state or an established group of social institutions provides basic economic security for its citizens. Most modern countries have programs that are reflective of a welfare state, such as unemployment insurance and welfare payments.

What countries are considered welfare states?

The modern welfare state nations include Nordic Countries (Norway, Denmark, Iceland, Sweden, and Finland), Germany, France, and Netherlands. The developed welfare states are divided into three groups; Liberal, Social Democratic, and Conservatives.

What are the pros and cons of democratic Socialism?

Pros of Democratic Socialism. 1) Gives Opportunity to Pursue Success. 2) Offer More Room for Value Judgments. 3) Creates an Efficient Economy. 4) Creates Income Equality within Society.

What is the importance of a welfare state in a democratic country?

The welfare state is a form of government in which the state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to …

What do you mean by public welfare state?

A welfare state is a state that is committed to providing basic economic security for its citizens by protecting them from market risks associated with old age, unemployment, accidents, and sickness.