price support

Noun

Meaning

a government subsidy used to maintain prices at a certain level

Source: WordNet

Synonyms

subsidy protectionism write off bimetallism subsidization subvention

Hypernyms

subsidy

Examples

The state government, between October 2017 and February 2018, procured around 8.30 lakh tonnes of groundnut through Nafed under the price support scheme (PSS), as the state had witnessed a bumber crop of 32 lakh tonnes. Source: Internet

Produce when harvested gets lost due to poor storage technologies, absence of a price support system, infrastructure deficits, poor market access and pests. Source: Internet

Close letter words and terms

price skimming price stability price sticker price surge price tag price tagger