Transfer payment is that type of payment made in which no goods or services are

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Transfer payment is that type of payment made in which no goods or services are

Transfer payment is that type of payment made in which no goods or services are being paid for,such a benefit payment or subsidy. In economics, a tranfer payment is a redistribution of income and wealth made without goods or services bring received in return. These payments are considered to be non exhantive because they don’t directly absorb resources or create output.