Growth of the American Economy
Subsidies are financial contributions provided by governments to support or promote specific economic activities or sectors, often aimed at encouraging production, reducing costs, or making certain goods and services more accessible. These payments can take various forms, such as direct cash transfers, tax breaks, or grants, and are intended to enhance competitiveness and foster innovation. By lowering the financial barriers for businesses and consumers, subsidies play a crucial role in shaping industrial growth and facilitating trade relationships.
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