With the institution of monetary supports, or subsidies, governments are able to buffer economic shocks that impact their society. Subsidies are government expenditures that are intended to help stabilize an economy by ensuring that the citizens are able to afford essential household goods and services or by providing domestic businesses the opportunity to remain viable despite cost disadvantages in competing with foreign producers. Subsidies may also be used to support other socially... więcej
Salem Press Encyclopedia, 2020. 2p.