Question

What is transfer payment?

Answer 1

Explanation:

transfer payment is a one-way payment to a person who has given or exchanged no money, good, or service for it...

Answer 2

Explanation:

a payment made or income received in which no goods or services are being paid for, such as a benefit payment or subsidy.

Examples of transfer payments include welfare, financial aid, social security, and government making subsidies for certain businesses.

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