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What is a transfer payment?

In economics, a transfer payment (or government transfer or simply transfer) is a redistribution of income in the market system. These payments are considered to be nonexhaustive because they do not directly absorb resources or create output. Examples of certain transfer payments include welfare (financial aid), social security, and government subsidies for certain businesses (firms).


Who is responsible for government transfer payment?

Government transfer payments are typically managed by various government agencies at both federal and state levels, depending on the country and the specific program. In the United States, for example, agencies like the Social Security Administration, the Department of Health and Human Services, and the Department of Agriculture oversee specific transfer payment programs such as Social Security, Medicare, and food assistance. Ultimately, the responsibility for funding and implementing these payments lies with the government, guided by legislation and policy decisions made by elected officials.


Which is NOT an example of a transfer payment?

A letter to a friend is NOT an example of a transfer payment.


What is an example of a public transfer payment?

what is an example of a free contract


How do you write a payment letter transfer from company to a person?

We are remitted payment to you today, the balance is USD59,395.


What transfer payment that does not enter into net national payment?

subsidies, unemployment allowences, tax reduction


What is a private transfer payment?

Payment by citizens without reciprocation, i.e. donating to charity or a relief fund.


What is e-payment?

e-payment is when you make a payment online ie. bank transfer. This is usually used when buying stuff in a web shop.


What is e payment?

e-payment is when you make a payment online ie. bank transfer. This is usually used when buying stuff in a web shop.


Which of these is the best description of a grant?

it is a direct payment from the state to the local government


What is GRPT transfer in SBI?

Group payment transfer facility in State Bank & State bank of Travancore.


Equation for calculating transfer payment in national income?

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