key term - Subsidies

Definition

Subsidies are financial assistance provided by governments to businesses, industries, or individuals to support economic activities deemed beneficial for the country. They can take various forms such as grants, tax breaks, or direct payments.

Related terms

Trade Barriers: Measures imposed by a government to restrict or regulate trade between countries, often through tariffs or quotas.

Fiscal Policy: Government policies related to taxation and spending that influence the economy.

Protectionism:

An economic policy of restricting imports from other countries through methods such as tariffs and quotas to protect domestic industries