ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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taxes
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regulation
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expenses
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subsidy
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Detailed explanation-1: -A subsidy is a benefit given to an individual, business, or institution, usually by the government. It can be direct (such as cash payments) or indirect (such as tax breaks).
Detailed explanation-2: -Subsidies are payments, tax breaks, or other forms of economic support given by governments to certain industries or economic sectors. The goal of subsidies is to aid or support what are deemed to be key parts of the economy or national infrastructure.
Detailed explanation-3: -Definition: Subsidy is a transfer of money from the government to an entity. It leads to a fall in the price of the subsidised product. Description: The objective of subsidy is to bolster the welfare of the society.
Detailed explanation-4: -There are different types of subsidies offered by the government; some of them are: Food Subsidy. Education Subsidy. Export/Import Subsidy.
Detailed explanation-5: -Whereas subsidies are current payments aiming to influence levels of production or prices, grants are direct financial contributions for specific activities that support the policy objectives of the EU or the general government.