Subsidize: meaning, definitions and examples

financial support

To subsidize means to support financially, typically by providing funds or resources to lower the cost of a service or product. This can be done by the government, organizations, or individuals to make certain goods or services more affordable for the public. Subsidies can stimulate production and consumption, promote economic development, or encourage specific industries. They can also be crucial in sectors such as agriculture, education, and health care, providing essential assistance to those in need.

assist, back, finance, fund, support

Examples of usage

• The government decided to subsidize renewable energy initiatives.

• Many farmers receive subsidies to help them maintain their operations.

• Public transportation systems are often subsidized to keep fares low.

• Universities may subsidize tuition costs to attract more students.