Question

Give two example of transfer income

Answer 1

Answer:

Pension, subsidy

Explanation:

People who are not able to work to earn at least for there existence the government of the respective country provide subsidy, pension to help them. This termed as transfer income

Answer 2

Answer:

Following are the examples of transfer income:

1: OLD AGE PENSION =Old age pension is transfer income . It is because transfer income refers to the income received by a person without contributing anything in the production in the period when a person get it . Old age pension is received by a person after retirement therefore old age pension is transfer income. 2 : Unemployment Allowance is an example of transfer income . This is available to those persons who are not employed .It is not included in national income.