State Aid

Subsidy - A Subsidy is a financial assistance provided by the government to individuals, businesses, or industries to support economic activities deemed beneficial for the public or to reduce the cost of goods and services. Subsidies can take various forms, including direct cash payments, tax breaks, or reduced interest loans, aimed at promoting economic growth, sustainability, and social welfare.

Class Information

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Identification

Label (rdfs)
Subsidy
Preferred Label
State Aid
Alternative Labels
Economic Assistance, Financial Aid, Government Grant
Identifier
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Definition and Examples

Definition
A Subsidy is a financial assistance provided by the government to individuals, businesses, or industries to support economic activities deemed beneficial for the public or to reduce the cost of goods and services. Subsidies can take various forms, including direct cash payments, tax breaks, or reduced interest loans, aimed at promoting economic growth, sustainability, and social welfare.
Examples
  • A housing subsidy assists low-income families in affording rental housing or home purchases, enhancing access to affordable housing.
  • An agricultural subsidy helps farmers by providing financial assistance to ensure stable food prices and production.
  • An energy subsidy supports the development of renewable energy sources by reducing the costs associated with solar, wind, or bioenergy projects.

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Additional Information

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Deprecated
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