Social Sciences, asked by sohail6826, 1 year ago

What do you mean by term subsidy 5 marks

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Answered by nachiketropia69

Definition: Subsidy is a transfer of money from the government to an entity. It leads to a fall in the price of the subsidised product.

Description: The objective of subsidy is to bolster the welfare of the society. It is a part of non-plan expenditure of the government. Major subsidies in India are petroleum subsidy, fertiliser subsidy, food subsidy, interest subsidy, etc.

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