What does social security and welfare primarily include?

The correct answer identifies the core components of social security and welfare systems, which are fundamentally designed to provide financial support and assistance to individuals and families in need. This includes pensions, which are payments made to individuals after retirement to ensure they can maintain a basic standard of living. Tax incentives are financial deductions or credits provided to encourage certain behaviors, often aimed at assisting lower-income families or encouraging retirement savings. Welfare benefits encompass various forms of government assistance, such as unemployment benefits, food assistance programs, and health care support, aimed at enhancing the well-being and stability of vulnerable populations.

The other options do not align with the primary objectives of social security and welfare. Luxury housing falls well outside the scope of social security, which focuses on basic needs rather than luxury provisions. Support for international development relates more to foreign aid and global assistance than domestic welfare systems. Lastly, funding for private education does not fit within the typical framework of social welfare, which primarily addresses the needs of citizens through direct financial support and public services.