Meaning of the word subsidies in English

What does subsidies mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

subsidies

US /ˈsʌb.sɪ.diz/
UK /ˈsʌb.sɪ.diz/

Plural Noun

sums 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

Example:
The government provides subsidies to farmers to support agricultural production.
Ending fossil fuel subsidies could help combat climate change.
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