Question
What is social security? Describe its scope and importance.
Answer :
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Social security is a system of public measures designed to protect individuals and families against economic and social hardships arising from situations such as unemployment, sickness, disability, old age, maternity, employment injury, and death of the earning member. It aims to ensure a minimum standard of living and provide financial support during periods when individuals are unable to earn sufficient income. Social security is recognized as a fundamental human right because it promotes social justice, equality, and human dignity. It is implemented through government policies, employer contributions, insurance schemes, and welfare programmes that provide income security and access to essential services. The concept of social security is based on the principle that every individual deserves protection against unforeseen risks and vulnerabilities. It is an essential component of a welfare state and contributes significantly to reducing poverty and improving the quality of life. Social security systems vary across countries depending on their economic conditions, social policies, and legal frameworks. In India, social security is provided through various schemes such as the Employees' Provident Fund, Employees' State Insurance, pension
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