A subsidy (also known as a subvention) is a form of financial assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributors in an industry to prevent the decline of that industry (e.g. , as a result of continuous unprofitable operations) or an increase in the prices of its products or simply to encourage it to hire more labor (as in the case of a wage subsidy).
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subsidy Any monetary grant made by the government to a private industrial undertaking or charitable organization, but especially one given to consumers or producers in order to lower the market price of some service or product and make it readily affordable to the public.
