Economics · Economic Concepts
The term 'Robin Hood effect' in economic discussions refers to which of the following phenomena?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Imposition of heavy indirect taxes on poor segments of society
- 2Redistribution of income where economic inequality is reduced by taking from the rich and giving to the poor✓
- 3Generation of new employment through small scale industries
- 4Correlation between income and basic consumption patterns
Correct answer
Redistribution of income where economic inequality is reduced by taking from the rich and giving to the poor
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