Subsidy: meaning, definitions and examples
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subsidy
[ ˈsʌbsɪdi ]
government support
A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
Synonyms
financial aid, grant, subvention
Examples of usage
- The agricultural sector receives subsidies to ensure food security.
- The government provides subsidies to encourage the use of renewable energy sources.
- Subsidies are often given to struggling industries to prevent job losses.
Translations
Translations of the word "subsidy" in other languages:
🇵🇹 subsídio
🇮🇳 सब्सिडी
🇩🇪 Subvention
🇮🇩 subsidi
🇺🇦 субсидія
🇵🇱 subwencja
🇯🇵 補助金 (hojokin)
🇫🇷 subvention
🇪🇸 subvención
🇹🇷 sübvansiyon
🇰🇷 보조금 (bojo-geum)
🇸🇦 إعانة مالية (i'ianat maliat)
🇨🇿 dotace
🇸🇰 dotácia
🇨🇳 补贴 (bǔtiē)
🇸🇮 subvencija
🇮🇸 niðurgreiðsla
🇰🇿 субсидия
🇬🇪 სუბსიდია (subsidia)
🇦🇿 subsidiya
🇲🇽 subvención
Word origin
The term 'subsidy' originated in the 14th century from the Old French word 'subsidie', which in turn came from the Latin word 'subsidium' meaning assistance or support. The concept of providing financial aid or support to industries or businesses dates back to ancient civilizations, but modern practices of government subsidies began to emerge during the industrial revolution.