Those who endorse the residual approach to social welfare believe that people should normally be able to Meet all their needs through their own family or through the job market.
The residual income approach is known to be a kind of measurement of the net income that pertains to an investment earns that is said to be above the threshold set up by the minimum rate of return that is given to the investment.
The residual model is one that holds that the government needs to be involved in the aspect of social welfare only as a last minute safety net when there is found that other avenues fail.
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