Definition, Meaning & Synonyms

public-subsidy

noun

/ˈpʌblɪk ˈsʌbsədi/

Definition

A financial support given by the government to help a specific industry or economic sector.

Examples

1. The local government offered a public-subsidy to encourage new startups to set up their businesses in the area.

2. Farmers often rely on public-subsidies to cope with fluctuating market prices.

Meaning

Public subsidy refers to funds or resources provided by the government to promote economic growth, stimulate certain activities, or support public services, making it easier for businesses or individuals to succeed or access services without the full cost burden.