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What is the difference between current …

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What is the difference between current transfer and capital transfer

    • Posted by Yashika Bansal 4 years, 5 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Sia ? 4 years, 5 months ago

    Current transfers Capital transfers
    1. Current transfers are paid out of the current income. 1. They are paid from the past savings or wealth.
    2. They add to the current income of the recipient. 2. They help in capital formation.
    3. They are made in for short- term expenditure. 3. They are made for long-term expenditure.

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