Reference Entry

benefits in kind

Edited by John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fourth edition

Published in print January 2012 | ISBN: 9780199696321
Published online May 2013 | e-ISBN: 9780191759130
benefits in kind

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Government provision of goods and services to those in need of them. This is an alternative to providing citizens with monetary incomes sufficient to meet their needs via the market. Governments wishing to provide for the basic needs of their citizens, including subsistence, housing, education, and medical services, have to choose between these two methods. Providing income is supported by the argument that people vary in their individual tastes and needs, so that any available resources will be more efficiently used in giving cash that can be spent on goods and services. There are, however, various arguments in favour of benefits in kind. In the case of medical and educational services, the tasks of assessing and meeting needs are closely connected. Housing, medical services, and education are often regarded as ...

Reference Entry.  245 words. 

Subjects: Economics

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