price support (Meaning)
Wordnet
price support (n)
a government subsidy used to maintain prices at a certain level
Synonyms & Antonyms of price support
No Synonyms and anytonyms found
price support Sentence Examples
- The government implemented a price support program to stabilize agricultural commodity prices.
- Producers benefited from the price support, as it guaranteed a minimum return for their products.
- The price support system protected farmers from market fluctuations and income volatility.
- Consumers paid higher prices for some goods due to the implementation of price supports.
- The price support policy aimed to balance the interests of both producers and consumers.
- Government expenditures on price supports can be substantial during periods of low market prices.
- The effectiveness of price supports in achieving their intended objectives has been subject to debate.
- Some economists argue that price supports can lead to market distortions and inefficiencies.
- Opponents of price supports contend that they encourage overproduction and discourage innovation.
- The future of price support programs remains uncertain, with policymakers weighing their potential benefits and drawbacks.
FAQs About the word price support
a government subsidy used to maintain prices at a certain level
No synonyms found.
No antonyms found.
The government implemented a price support program to stabilize agricultural commodity prices.
Producers benefited from the price support, as it guaranteed a minimum return for their products.
The price support system protected farmers from market fluctuations and income volatility.
Consumers paid higher prices for some goods due to the implementation of price supports.
