Subsidy
Definition 1 of 2
Pro Tip 1/3
Government Assistance
Subsidy often implies financial help from government bodies to support certain sectors or products. The electric car industry is growing, thanks to a government subsidy.
Pro Tip 2/3
Price Reduction
Subsidies are used to decrease the cost of goods or services, making them more affordable. With the new subsidy, public transport fares were lowered significantly.
Pro Tip 3/3
Economic Stability
Subsidies can be a tool to stabilize markets and ensure steady supply in essential sectors. During the drought, a subsidy helped stabilize grain prices.