Question

Explain about Transfer income

Answer 1

Frnd,

TRANSFER PAYMENT (INCOME)-
The Transfer Income means, money from the Governments in form of Benefits

★ It comprises gifts, subsidies, donations, scholarships, etc.

★ It is received without providing any good or service in return.

★ It is an unearned income (receipt concept).

★ It is unilateral payment.

★ It is not included in national income.


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Answer 2

Answer:

Transfer incomes are the unearned incomes. These includes gift in cash , scholarship to the employees , old age pensions to the senior , . These are not include in the estimation of the national income

Explanation: