A transfer income is best defined as one which?
ٹرانسفر آمدنی کی بہترین تعریف کیا ہے؟
- Does not represent income for production of goods and services
- Is received by house holds
- Arises when people do unpaid jobs for each other
- None of these
Explanation
- Transfer income refers to payments received without providing any productive service in return.
- It is not earned income from production of goods or services.
- Examples include pensions, unemployment benefits, and social welfare payments.
- It is mainly a redistribution of income within society.
- So, it is income that does not represent production activity.
Last verified on 23-04-2026
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