Difference between revisions of "Subsidy"
Jump to navigation
Jump to search
(New page: A subsidy is a payment by government to certain businesses to help them survive or to give them an advantage in competing with companies from other nations or industries. Sometimes the su...) |
|||
| Line 1: | Line 1: | ||
| − | A subsidy is a payment by government to certain businesses to help them survive or to give them | + | A '''subsidy''' is a payment by government to certain businesses to help them survive or to give them a competitive advantage. Sometimes the subsidy can be direct, as in the case of cash payments to farmers, and sometimes it can be indirect, as in the case of building a transcontinental railroad. |
| + | |||
| + | Subsidies can also be given out by individuals or non-governmental institutions, but this is more commonly referred to as charity. | ||
Revision as of 05:15, April 13, 2007
A subsidy is a payment by government to certain businesses to help them survive or to give them a competitive advantage. Sometimes the subsidy can be direct, as in the case of cash payments to farmers, and sometimes it can be indirect, as in the case of building a transcontinental railroad.
Subsidies can also be given out by individuals or non-governmental institutions, but this is more commonly referred to as charity.