name any two examples of special transfers
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Hi my dear friend,
Examples of transfer payments include welfare, financial aid, social security, and government making subsidies for certain businesses.
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The two examples of special transfers are government transfers that are made between the government of two countries and the other is the sector transfers that involve of transfer of employees wages or premiums that are associated with non-life insurances.
Explanation:
- The current transfer involves transfer payment of money paid to an individual who has not performed any ‘service or rendered any goods’ for it.
- The other forms of transfer of payments involve financial aid, for the welfare of people or society, for social security and many other forms of payments.
- These are one-sided transfers that can include remittance of workers or for premiums of insurance or installments.
Learn more about special transfers
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