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Give Reason Or Explain the Following Statement: Old Age Pension is Transfer Income. - Economics

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प्रश्न

Give reason or explain the following statement:

Old age pension is transfer income.

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उत्तर

Old age pension is a transfer income as no services are provided in return for them. The government provides such services for welfare purposes.

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अध्याय 9: National Income - Exercise 2 [पृष्ठ ७९]

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मायकल वाझ Economics [English] 12 Standard HSC
अध्याय 9 National Income
Exercise 2 | Q 2.4 | पृष्ठ ७९
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