velferðarkerfisins
Velferðarkerfisins, often translated as the welfare system or welfare state, refers to a governmental system designed to ensure a basic standard of living and social well-being for all citizens. This typically involves a range of social services and programs funded through taxation. Key components often include universal healthcare, public education, unemployment benefits, pensions, and social assistance for those in need.
The underlying principle of a velferðarkerfisins is that society has a collective responsibility to support its
The development of these systems often evolved throughout the 19th and 20th centuries in response to industrialization,