WordValesubsidy
government money given to support an industry
In more detail
1. (noun) money given by a government or organization to help pay for something and make it cheaper or more affordable
2. (noun) money given to a person or business to support them financially
Examples
- 1. The government provides subsidies to farmers to keep food prices low.
- 2. The company received a subsidy from the local government to help it grow.
How to use subsidy
A subsidy is financial assistance, typically from a government, designed to reduce costs or support an activity deemed beneficial to society. It differs from a tax or fine in the opposite direction, and from a loan in that it doesn't require repayment. Common in discussions of agriculture, energy, education, and social welfare.
Common phrases
- government subsidy
- agricultural subsidy
- receive a subsidy
- provide/give a subsidy
- subsidy for housing
Synonyms
grant · subvention · aid · support · allowance
Opposites
tax · levy · charge
Word family
subsidize (verb) · subsidized (adjective) · subsidiary (adjective/noun)
A common mistake
Learners sometimes confuse subsidy with subsidiary; subsidiary refers to a company owned by another company, or means secondary in importance.
Save this word in WordVale and it comes back for review right before you'd forget it — with pronunciation, real examples, and optional translations. One purchase, no subscription.
Get WordValeFREE 7-DAY TRIAL · iPHONE & iPAD