Subsidy
Definition
A subsidy is basically a form of financial assistance or support provided by the government or an organization to help reduce the cost of something or encourage a particular industry or activity. It’s like a little boost to help things along. Subsidies can also be used to support specific industries that are considered important for the economy or national security. The Idea behind subsidies is to provide financial assistance where it’s needed in order to achieve certain goals, whether it’s promoting certain industries, ensuring access to essential services, or supporting individuals or communities.
Example sentences
The government provides a subsidy to low-income families to help with their housing expenses.
The company received a generous subsidy from the local government to expand its operations.
The government offers a subsidy for electric vehicles to incentivize their adoption.
Students can apply for a subsidy to help cover the cost of their tuition fees.
The film industry benefits from subsidies that attract international productions to the country.