ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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subsidy
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supply curve
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supply
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quantity supplied
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Detailed explanation-1: -A subsidy given to an individual, business or institution-usually by the government-can be direct or indirect. They can assist struggling industries, encourage new developments, and promote a social good or policy.
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: -transitive verb. : to furnish with a subsidy: such as. : to purchase the assistance of by payment of a subsidy. : to aid or promote (someone or something, such as a private enterprise) with public money.