Progressive economic ideology

Definition

Progressive economic ideology is a political and economic philosophy that advocates for government intervention and regulation in order to address social and economic inequalities. It emphasizes using government policies, such as progressive taxation and wealth redistribution, to promote equal opportunity and reduce income disparities.

Related terms

Social welfare programs: Government initiatives aimed at providing assistance or support to individuals or groups who face economic hardship or social challenges.

Income inequality: The unequal distribution of wealth among individuals or groups within a society.

Wealth redistribution: A policy approach that seeks to transfer resources from those with higher incomes or wealth to those with lower incomes or in need of assistance.