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Transfer payments to (persons) as a percent of federal revenue in the United States Transfer payments to (persons + business) in the United States. 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 ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
In Keynesian economics, the transfer payments multiplier (or transfer payment multiplier) is the multiplier by which aggregate demand will increase when there is an increase in transfer payments (e.g., welfare spending, unemployment payments). [1] Transfer payments are not in the same theoretical category as government spending on goods and ...
A cash transfer is a direct transfer payment of money to an eligible person. [1] Cash transfers are either unconditional cash transfers or conditional cash transfers . They may be provided by organisations funded by private donors, or a local or regional government.
Government spending, or government expenditure, includes all government consumption, investment, and transfer payments.[1][2] In national income accounting, government purchases of goods and services for immediate use—whether to satisfy individual or collective community needs—are classified as government final consumption expenditure.
Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. [1]
In economics, economic rent is any payment to the owner of a factor of production in excess of the costs needed to bring that factor into production. [1] In classical economics, economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location and for assets formed by creating official privilege over natural opportunities (e.g., patents).
Few development initiatives have been evaluated as rigorously as CCT programs. [1] The implementation of conditional cash transfer programs has been accompanied by systematic efforts to measure their effectiveness and understand their broader impact on household behavior, [1] a marked departure from the limited attention that was paid to rigorous impact evaluations in the past.