Government engages in transfer payments in part to redistribute income.

Name: Government engages in transfer payments in part to redistribute income.
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Transfer payments, such as welfare or social security, serve as a means of redistributing income by providing financial assistance to those who may not have sufficient income to meet their basic needs. This can help to reduce income inequality and provide a safety net for individuals and families facing financial hardship.

Government Engages in Transfer Payments in Part to Redistribute Income