Definition

1. Noun:
   • Money or resources provided to support a worthy person, cause, or country: "Economic aid" refers to financial assistance, loans, or material resources given by one entity (like a government or international organization) to another, typically to promote economic development, alleviate poverty, or support recovery from a crisis.

Examples of Usage

• Noun:
  • The country received substantial economic aid after the devastating earthquake.
  • International economic aid is crucial for supporting healthcare systems in developing nations.
  • The debate focused on whether to increase economic aid to the region.

Advanced Usage

• "to provide economic aid": to give financial or material support.
  • The foundation decided to provide economic aid to small businesses affected by the pandemic.
• "a package of economic aid": a set of financial support measures.
  • The government announced a new package of economic aid for the agricultural sector.
• "bilateral economic aid": aid given directly from one country to another.
  • Most of the economic aid was delivered through bilateral agreements.

Variants and Related Words

• Aid (n): assistance or support.
  • Humanitarian aid was rushed to the disaster zone.
• Financial assistance (n): a synonym often used in similar contexts.
  • The students applied for financial assistance to pay for their studies.
• Development aid (n): aid specifically aimed at long-term economic and social development.
  • The project is funded by international development aid.

Synonyms

• Financial aid: Monetary support.
• Assistance: Help or support.
• Subsidy: Financial grant or support, often from a government.

Related Phrases

• Tied aid: Economic aid that must be spent on goods or services from the donor country.
  • Critics argue that tied aid is less effective for the recipient's economy.
• Aid conditionality: The requirements a recipient must meet to receive aid.
  • The economic aid came with strict conditionality regarding economic reforms.

Noun

1. money to support a worthy person or cause