is Subsidies a factor payment
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Subsidies are unilateral payments, i.e. not bilateral like factor incomes, wherein, one has to render factor services in order to receive payments against the services. These are unearned income, i.e. income that you have not earned.
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is subsidy a transfer payment?? ... Subsidies are unilateral payments, i.e. not bilateral like factor incomes, wherein, one has to render factor services in order to receive payments against the services. These are unearned income, i.e. income that you have not earned
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