subsidy

[ˈsʌbsɪdi]

subsidy Definition

• 1. a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive
• 2. a grant or contribution of money

Using subsidy: Examples

Take a moment to familiarize yourself with how "subsidy" can be used in various situations through the following examples!

• Example

  The government provides subsidies to farmers to encourage them to grow more crops.

• Example

  The company received a subsidy from the state to build a new factory.

• Example

  The museum relies on subsidies from the city to stay open.

• Example

  The film industry is heavily subsidized by the government.

subsidy Synonyms and Antonyms

Synonyms for subsidy

• grant
• allowance
• funding
• assistance
• financial aid

Antonyms for subsidy

• penalty
• fine

Idioms Using subsidy

• give a subsidy to

  provide financial assistance to someone or something

  Example

  The government decided to give a subsidy to the struggling airline industry.

• live on a subsidy

  rely on financial assistance from the government or other sources to survive

  Example

  Many people in the rural areas live on a subsidy from the government.

• subsidy junkie

  a person or organization that becomes overly dependent on financial assistance from the government or other sources

  Example

  The company has become a subsidy junkie, relying on government grants to stay afloat.

Phrases with subsidy

• housing subsidy

  a financial assistance provided by the government to help low-income families pay for housing

  Example

  The housing subsidy program has helped many families afford decent homes.

• student subsidy

  a financial assistance provided by the government to help students pay for education

  Example

  The student subsidy program has made college education more accessible to low-income students.

• healthcare subsidy

  a financial assistance provided by the government to help people pay for healthcare

  Example

  The healthcare subsidy program has made medical treatment more affordable for low-income families.

Origins of subsidy

from Latin 'subsidium', meaning 'reserve troops, help, aid'

📌

Summary: subsidy in Brief

A 'subsidy' [ˈsʌbsɪdi] is a sum of money given by the government or a public body to support an industry or business, keeping prices low or competitive. It can also refer to a grant or contribution of money. Examples include subsidies to farmers, companies, museums, and the film industry. Phrases like 'housing subsidy,' 'student subsidy,' and 'healthcare subsidy' denote specific types of financial assistance. Idioms like 'give a subsidy to' and 'live on a subsidy' describe providing or relying on financial assistance, while 'subsidy junkie' refers to an over-dependence on subsidies.