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subsidy

noun

/ˈsʌb sɪ di/

IPA:

Dictionary definition of subsidy

A financial grant, aid, or assistance provided by a government, organization, or institution to support or promote a particular activity, industry, or group.
"The government provides a subsidy to farmers to support agricultural production."

Detailed meaning of subsidy

It involves the transfer of funds from the subsidizing entity to the recipient with the aim of reducing costs, stimulating growth, or achieving specific policy objectives. Subsidies can take various forms, such as direct cash payments, tax incentives, reduced interest rates, or price supports. They are commonly used to encourage the development of key sectors like agriculture, renewable energy, education, healthcare, or small businesses. Subsidies can also be targeted towards specific populations, such as low-income individuals or disadvantaged communities, to improve their access to essential services. While subsidies can provide vital support, they can also be a subject of debate as they may distort market forces, create dependencies, or favor certain industries or groups over others. Proper management and transparency in subsidy programs are crucial to ensure their effectiveness and minimize potential drawbacks.

Example sentences containing subsidy

1. The government allocated a significant subsidy for renewable energy projects.
2. The film industry received a substantial subsidy for its latest production.
3. Companies often seek research and development subsidies.
4. Low-income families receive a housing subsidy to help with rental costs.
5. The company received a research and development subsidy to advance its technological innovations.
6. The government offers a childcare subsidy to assist working parents with daycare expenses.

History and etymology of subsidy

The noun 'subsidy' has a rich history rooted in the financial support provided by governments, organizations, or institutions to bolster specific activities, industries, or groups. Its origins can be traced back to the Latin word 'subsidium,' which denoted auxiliary troops or reinforcements in times of need. Over time, the term evolved to encompass financial assistance, mirroring the concept of providing additional resources to ensure the success or stability of various endeavors. This evolution highlights the enduring role of subsidies in facilitating economic growth and social development, echoing their ancient roots in offering crucial aid during critical moments.

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Further usage examples of subsidy

1. The university provides scholarships as a form of tuition subsidy for deserving students.
2. The artist received a grant as a subsidy to support their upcoming exhibition.
3. The government implemented a subsidy program to stimulate job creation in rural areas.
4. The company offers a transportation subsidy to employees to encourage the use of public transit.
5. The local government implemented a subsidy for small businesses affected by the pandemic.
6. The government's subsidy program helped homeowners afford solar panel installations.
7. The government introduced a subsidy for electric utility bills to incentivize energy conservation.
8. The government approved a substantial subsidy to boost the economy.
9. A generous subsidy made healthcare affordable for many families.
10. The company applied for a research and development subsidy.
11. The film industry relies on a tax incentive subsidy.
12. Subsidy programs aim to alleviate poverty in urban areas.
13. Renewable energy projects often receive a green energy subsidy.
14. Farmers depend on a crop insurance subsidy in case of losses.
15. The startup secured a technology innovation subsidy.
16. Low-income housing projects benefit from a housing construction subsidy.
17. The artist received an arts council subsidy for her exhibition.
18. The airline industry requested a fuel cost subsidy.
19. Small businesses can apply for a small business subsidy.
20. The government cut a housing subsidy, affecting renters.
21. Clean energy initiatives often receive a clean technology subsidy.
22. Subsidy programs aim to reduce economic inequality.