Question

Explain the following terms :- a) Subsidy b) Consumer​

Answer 1

Explanation:

Ans 1) A subsidy or government incentive is a form of financial aid or support extended to an economic sector generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies.

Ans 2) A consumer is a person or a group who intends to order, orders, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, not directly related to entrepreneurial or business activities

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Answer 2

Answer:

(a) Subsidy - Subsidy is a transfer of moneyfrom the government to an entity. It leads to fall inthe price of subsidised product. It is a part non plant expenditure of the government.

(b) Consumer -A consumer is a person or who intends to order, or uses purchased goods, product, or services primarilyfor personal, social, family, householdand similar needs.

Explanation:

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