The provision of aid to an individual who is not required to provide anything in exchange is called a transfer payment.

Name: The provision of aid to an individual who is not required to provide anything in exchange is called a transfer payment.
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This is the definition of transfer payments, also known as social transfers, which include programs such as welfare, Social Security, and unemployment benefits. They are not tied to any specific work or service provided by the recipient.

The Provision of Aid to an Individual Who Is Not