Subsidy

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Subsidy

Subsidy (/ˈsʌbsɪdi/; from Latin subsidium, a support, assistance) is a form of financial aid or support extended to an economic sector (or institution, business, or individual) generally with the aim of promoting economic and social policy.

Etymology

The term subsidy originates from the Latin word subsidium. This word is a combination of sub (under, beneath) and sedēre (to sit). Thus, it originally referred to support or assistance that is provided from a position beneath or behind.

Related Terms

  • Grant: A sum of money given by a government or other organization for a particular purpose.
  • Tax incentive: An aspect of a country's tax code designed to incentivize or encourage a particular economic activity.
  • Government debt: The amount of money that a government has borrowed.
  • Public policy: The principles, often unwritten, on which social laws are based.
  • Economic policy: The actions that governments take in the economic field.

See Also

References


External links

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