In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return (in contrast to financial transaction). These kind of payments are one-sided in nature, i.e.
In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return (in contrast to financial transaction). These kind of payments are one-sided in nature, i.e.
Source: Wikipedia "Transfer payment" · CC BY-SA 4.0
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