Subsidies Introduction,

Definition

Subsidies are financial contributions provided by governments to support businesses, industries, or individuals, aimed at achieving economic or social objectives. They can take various forms such as grants, tax breaks, or direct payments.

Related terms

Trade Barriers: Measures enacted by governments to restrict imports into a country, including tariffs, quotas, and embargoes.

Fiscal Policy: Government policies related to taxation and government spending to influence the economy.

Economic Development: The process by which a nation improves the economic, political, and social well-being of its people