As an alternative you may discuss ‘Transfer Payments’. List, describe, and give an example of at...

As an alternative you may discuss ‘Transfer Payments’. List, describe, and give an example of at least 5 types. Do you or your family benefit from any? In your opinion are these good programs? What, if anything, would you change?

Expert Solution

Transfer payments are one-sided payment it means there is no productive activity required in the consideration for transfer payment.

5 Transfer payments ate.

Charity
Donations
Scholarship
Old age pension
Gifts

Yes I have some benefits of the transfer payment when I got this scholarship because scholarship carries a very big amount which is helpful in my schooling and Graduate Level education.

Sometimes old age pension help me to make my old parents secure because government is providing a sufficient amount for the basic purpose like for medicines for necessity foods to the old parents it is a great initiative from the side of governments and sometime The Other non government organisations also take the initiatives to provide such transfer payments.

In my opinion yes it is a good programs to provide the transfer payments to the needy persons and I would like to change something that to add on some more transfer payments so that it will benefit the other category of the people who still in a need of these payments. Like unemployment allowance.

Rahul Sunny answered 9 months ago

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