Meaning of the word subsidization in English

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

subsidization

US /ˌsʌb.sə.dəˈzeɪ.ʃən/
UK /ˌsʌb.sɪ.daɪˈzeɪ.ʃən/

Noun

the act of providing a subsidy or subsidies

Example:
Government subsidization helps keep public transport affordable.
The company relies heavily on foreign subsidization to stay competitive.