| 单词 | transfer payments |
| 释义 | transfer payments Payments of income which are not a return for the provision of current factor services. In many countries the state makes large-scale transfer payments, particularly to pensioners, the disabled, and the unemployed. Countries also make transfer payments abroad. Many transfer payments are also made by private charities. Transfer payments are not part of the national product; as the name implies, they merely transfer spending power from one lot of people to another. |
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