Government Subsidy
Government subsidies are financial assistance provided by the government to individuals, businesses, or specific industries to support their activities or to achieve certain social or economic goals. These subsidies can take various forms, such as direct cash payments, tax breaks, discounted loans, insurance, grants, or other incentives.
Governments use subsidies for several reasons:
- Encouraging Economic Growth
- Promoting Social Welfare
- Influencing Behavior
- Market Correcting
Services