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