subsidize
/'sʌbsidaiz/
Definition
- Verb (Transitive):
- To provide financial support or assistance, typically from a government or organization, to help reduce the cost of something or keep its price lower.
- To secure the services or support of someone or something by granting a subsidy.
Usage and Examples
Basic Usage: The verb "subsidize" is used to describe the action of giving money to support an activity, business, or service so that it can continue or so that its products or services remain affordable.
- The government subsidizes farmers to ensure stable food prices.
- Many museums are subsidized by public funds.
In Economic or Policy Contexts: Often used when discussing public funding for industries, services, or cultural activities.
- Some countries subsidize renewable energy to encourage its development.
- The company's research was subsidized by a federal grant.
Advanced Usage and Nuances
- "to subsidize heavily": To provide a very large amount of financial support.
- The national railway system is heavily subsidized by the state.
- Concept of a Subsidized Entity: Describing something that receives this support.
- She lives in subsidized housing. (Meaning the rent is financially supported, making it cheaper.)
Variants and Related Words
- Subsidy (n): The money granted as financial support.
- The farm receives a subsidy from the government.
- Subsidization (n): The act or process of subsidizing.
- The subsidization of the arts is a topic of debate.
Synonyms
- Fund: To provide money for a specific purpose.
- Underwrite: To agree to finance or support, often accepting financial risk.
- Support (financially): To provide financial backing.
Antonyms
- Tax: To impose a financial charge.
- Privatize: To transfer from public (state-subsidized) to private ownership and control.
Related Phrases and Concepts
- Subsidized loan: A loan on which the interest is paid by a third party (e.g., the government) while the borrower is in a specific status, such as being a student.
- He took out a subsidized student loan.
- Cross-subsidize: To use profits from one activity to subsidize another.
- The profitable bus routes cross-subsidize the less popular ones.
Verb
-
secure the assistance of by granting a subsidy, as of nations or military forces
-
support through subsidies
-
The arts in Europe are heavily subsidized
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