Question

What are welfare payments or consumer subsidies?

Answer 1

They are both ways that a government use to help the less fortunate part of the population. While welfare payments are money given to people who are usually ill, poor, or unemployed; consumer subsidies are usually used only to help buy an specific product, such as medicine or food, for example.

Answer 2

Welfare payments are usually made in cash equivalents that can be used be the recipient for a variety of goods and services. Consumer subsidies are used for one thing, such as food.