Definition, Meaning & Synonyms
subsidy
noun
/ˈsʌb.sɪ.di/
Definition
A subsidy is a financial assistance provided by the government to support a specific industry or economic activity.
Examples
- The government provided a subsidy to farmers to help them maintain their operations during the drought.
- Many students rely on government subsidies to help pay for their college tuition.
- The subsidy for renewable energy has encouraged more people to install solar panels on their homes.
Meaning
Subsidies are used to promote economic growth, reduce the cost of products or services, and support businesses or individuals in need.
Synonyms
- grant
- aid
- support
- assistance
