Definitions
- A financial assistance provided by the government to support a particular industry or business. - A sum of money given to help reduce the cost of a product or service. - A grant given to an individual or organization to support a specific project or activity.
- A sum of money given to an individual or organization for a specific purpose, such as research or education. - A financial aid provided by the government or private organizations to support a project or activity. - A gift or endowment given to an individual or organization for a specific purpose.
List of Similarities
- 1Both subsidy and grant involve financial assistance.
- 2Both can be provided by the government or private organizations.
- 3Both are intended to support a specific purpose or activity.
- 4Both can be used to fund research or development projects.
- 5Both can be awarded to individuals or organizations.
What is the difference?
- 1Purpose: Subsidies are typically given to support a particular industry or business, while grants are often awarded for research or educational purposes.
- 2Amount: Subsidies are usually larger sums of money than grants.
- 3Eligibility: Subsidies may have more specific eligibility criteria, while grants may be more broadly available.
- 4Repayment: Subsidies do not need to be repaid, while some grants may require repayment or have specific conditions attached.
- 5Focus: Subsidies focus on reducing the cost of a product or service, while grants focus on supporting a specific project or activity.
Remember this!
Subsidy and grant are both forms of financial assistance that are intended to support a specific purpose or activity. However, subsidy is typically given to support a particular industry or business, while grant is often awarded for research or educational purposes. Additionally, subsidies are usually larger sums of money than grants, and subsidies focus on reducing the cost of a product or service, while grants focus on supporting a specific project or activity.
