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What is meant by subsidized?
A subsidy is a benefit given to an individual, business, or institution, usually by the government. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.
What does it mean if something is subsidized?
To subsidize something is to support it by providing it with money or other resources. So to subsidize is to underwrite something financially, providing the support that keeps it going. For example, our taxes are used by the government to subsidize many educational and social programs.
What does subsidy mean in history?
1 Subsidy, subvention are both grants of money, especially governmental, to aid private undertakings. A subsidy is usually given to promote commercial enterprise: a subsidy to manufacturers during a war.
Are subsidies good or bad?
Since subsidies result in lower revenues for producers of foreign countries, they are a source of tension between the United States, Europe and poorer developing countries. While subsidies may provide immediate benefits to an industry, in the long-run they may prove to have unethical, negative effects.
How do you use subsidy in a sentence?
The company receives a heavy subsidy from the national government. The state controls all ecclesiastical appointments, decides on the passing or rejection of all decrees of the Holy See, and provides an annual subsidy for maintenance of the churches and clergy.
What does the government subsidize?
Any financial benefit, whether cash or tax cuts, given by the government to businesses or government organizations is considered a subsidy. Subsidies are given to help companies reduce their costs of doing business. In doing so, the government helps boost certain sectoral activities for the economy.
What does subsidize food mean?
food subsidy in British English (FUD BSD) a financial aid supplied by a government, as to industry, farmers, or consumers, in order to make low-cost food available to poor people. The removal of food subsidies meant that half the food eaten by poor people doubled in price in two years.
What foods are subsidized?
They are largely the products of seven crops and farm foods corn, soybeans, wheat, rice, sorghum, milk and meat that are heavily subsidized by the federal government, ensuring that junk foods are cheap and plentiful, experts say.
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