Definition, Meaning & Synonyms

subsidies

noun

/ˈsʌb.sɪ.diz/

Definition

Financial support provided by the government to help lower the cost of a product or service.

Examples

The government offers subsidies for renewable energy projects.
Farmers often rely on subsidies to support their income during bad seasons.
The city has implemented subsidies for public transportation to encourage its use.

Meaning

Subsidies are used to encourage certain activities or production by providing financial assistance, making it more affordable for consumers or businesses.