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subsidy |
Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia | 0.03 sec. |
subsidyGovernment payment or concession granted to a state or private company, or an individual. A subsidy may be provided to keep prices down, to stimulate the market for a particular product, or because it is perceived to be in the public interest. The payment of subsidies may distort the market, create shortages, reduce efficiency, or waste resources that could be used more beneficially elsewhere. Export subsidies are usually condemned because they represent unfair competition. Many countries provide subsidies for transport systems and public utilities such as water, gas, and electricity supplies. Subsidies are also given for art, science, and religion when they cannot be self-supporting to the standards perceived desirable. |
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| Under their auspices, Lieutenant (now Captain) Speke has associated with him Captain Grant, of the army in India; they have put themselves at the head of a numerous and well-equipped expedition; their mission is to ascend the lake and return to Gondokoro; they have received a subsidy of more than five thousand pounds, and the Governor of the Cape of Good Hope has placed Hottentot soldiers at their disposal; they set out from Zanzibar at the close of October, 1860. It was in the section included between this range and the Rocky Mountains that the American engineers found the most formidable difficulties in laying the road, and that the government granted a subsidy of forty-eight thousand dollars per mile, instead of sixteen thousand allowed for the work done on the plains. Isaac the Jew also seemed to have vanished, and with him the hope of certain sums of money, making up the subsidy for which Prince John had contracted with that Israelite and his brethren. |
subsidy
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