Subsidy - Meaning, Definition & English Examples
A subsidy is financial assistance given by a government or organization to support individuals, businesses, or industries, often to reduce costs or encourage growth. It helps make goods or services more affordable.
Definition:
Financial assistance granted by a government or public body to support an industry or business.
Synonyms:
grant, allowance, aid, support, funding
Part of Speech:
noun
Antonyms:
tax, penalty, fine
Common Collocations:
government subsidy, agricultural subsidy, export subsidy, housing subsidy, fuel subsidy
Derivatives:
subsidize, subsidized, subsidization
Usage Tips:
Use "subsidy" to refer to financial aid from authorities to reduce costs or support sectors like agriculture or education.
Common Phrases:
farm subsidies, fuel subsidies, housing subsidies
Etymology:
From Latin "subsidium," meaning help or support; entered English via French in the 14th century.
Examples:
- 1. The government provides a subsidy to farmers for crop production.
- 2. Many industries rely on state subsidies to remain competitive.
- 3. The new policy reduces subsidies for renewable energy projects.
- 4. Low-income families benefit from housing subsidies in urban areas.