Answer to Question #89245 in Microeconomics for kenzleebanjo9@gmail.com

Question #89245
what are welfare payments and consumer subsidies?
1
Expert's answer
2019-05-07T10:03:36-0400

Answer:

Welfare payments: The payment which is paid by the government for welfare purpose i.e; for poor people or jobless people.


Consumer Subsidies: Subsidy means government pays part of the cost. Now, consumer subsidies means the government gives the subsidy to the consumer to reduce the price of goods and services.


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