What is transfer payment?
Answers
Answered by
13
Explanation:
transfer payment is a one-way payment to a person who has given or exchanged no money, good, or service for it...
Answered by
9
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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