transfer payments
Transfer payments refer to government payments made to individuals, households, or other entities without expecting any goods or services in return. These payments are usually aimed at redistributing income, supporting social welfare programs, or assisting specific sectors of the economy.
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Related Concepts (16)
- aid to foreign countries
- child support payments
- crop subsidies
- disability payments
- food stamps
- government subsidies
- housing assistance
- income redistribution
- medicare and medicaid
- pension payments
- social security benefits
- student grants and scholarships
- tax credits
- unemployment benefits
- veterans benefits
- welfare programs