subsidy
/ˈsʌbsɪdi/ noun [C] (plural subsidies)Definition
› money given by a government or an organization to reduce the cost of producing food, a product, etc. and to help to keep prices low: government/public/state subsidies agricultural/export/farm subsidies provide/receive/get a subsidysubsidy on/for sth The program provides traditional subsidies for commodities like wheat, corn, and cotton.subsidy of sth Those with livestock are given subsidies of 50% on feed costs. The Energy Act provides billions of dollars in subsidies for the nuclear, oil, gas and coal industries.cut/eliminate/reduce subsidies The government has cut subsidies on electricity and petrol.
→ See also tax subsidy(Definition of subsidy noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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