Redistribution in Economics

Redistribution in economics refers to the process by which a government or society reallocates wealth and resources from certain groups, often the wealthier, to others, typically the less privileged. This is usually done through taxes, social programs, and public services to promote economic equity, reduce poverty, and ensure a more balanced distribution of income. The goal is to create a fairer society where everyone has access to basic needs like education, healthcare, and housing, helping to improve overall social stability and prosperity.