GK
WORLD HISTORY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Define subsidies:
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joint-stock company
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colonial trade
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an economic system
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grants of money
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Explanation:
Detailed explanation-1: -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. It is a part of non-plan expenditure of the government.
Detailed explanation-2: -Subsidy is a payment that a. government makes to a producer to supplement the market price of a commodity.
Detailed explanation-3: -Basically, subsidies are provided by the government to specific industries with the aim of keeping the prices of products and services low for people to be able to afford them and also to encourage production and consumption.
There is 1 question to complete.