An in-depth look into transfer payments, which are direct payments from the government to individuals, analyzed from economic, social, and historical perspectives.
Transfer payments are income payments made without the receipt of goods or services in exchange. These payments are primarily used for social welfare, supporting retired, disabled, and unemployed individuals.
An in-depth exploration of the Current Account, a crucial component of a nation's balance of payments, covering international trade in goods and services, transfer payments, and short-term credit.
