USA HISTORY

Detailed explanation-1: -A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut.

Detailed explanation-2: -There is ample evidence that cash transfers have positive impacts on people living in poverty, at least on average. For example, a recent review of 165 studies found that cash assistance tends to increase spending on food and other goods, while also improving education and health outcomes.

Detailed explanation-3: -GiveDirectly is a nonprofit that lets donors like you send money directly to the world’s poorest households. We believe people living in poverty deserve the dignity to choose for themselves how best to improve their lives-cash enables that choice.

Detailed explanation-4: -Examples of transfer payments include welfare, financial aid, social security, and government subsidies for certain businesses.

Detailed explanation-5: -A transfer payment is a payment of money for which there are no goods or services exchanged. Transfer payments commonly refer to efforts by local, state, and federal governments to redistribute money to those in need.