price support
Học thuậtThân thiện
Definition
Noun: A government subsidy or market intervention used to maintain the price of a commodity or product at a certain level, typically above the market equilibrium, to support producers' incomes.
Usage
This term is used in economics, agriculture, and public policy to describe a specific type of government action. It functions as a compound noun.
Examples: * The farm bill included price support for wheat and corn. * Removing the price support caused the market price to fall sharply. * The policy of price support is often criticized for creating surplus goods.
Advanced Usage
- "to provide price support": This verb phrase describes the government's action of implementing this policy.
- The government decided to provide price support for dairy farmers.
- "a system of price supports": The plural form is often used to refer to the overall policy framework or multiple support mechanisms.
- The agricultural sector relies on a system of price supports.
Variants and Related Words
- Subsidy (n): A sum of money granted by the state or a public body to help an industry or business keep the price of a commodity or service low. (A broader term; price support is a specific type of subsidy aimed at maintaining a price .)
- Price floor (n): A government- or group-imposed limit on how low a price can be charged for a product. (This is the regulatory mechanism often used to enforce price support.)
- Market intervention (n): Government action to influence market prices or quantities.
Synonyms
- Agricultural subsidy
- Market price support
- Producer support
Antonyms
- Price ceiling (a maximum price set by the government)
- Market liberalization
- Deregulation
Related Phrases
- To support prices: The verbal phrase from which the noun is derived.
- The government buys surplus grain to support prices.
- To benefit from price support: Describes the recipients of the policy.
- Local farmers benefit from price support.
Noun
- a government subsidy used to maintain prices at a certain level