Economy, asked by ajju91, 1 year ago

what is meant by subsidy

Answers

Answered by tarvinder66

8

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.

Answered by sonabrainly

5

The Government concession to the weaker sections of The society is known as subsidy.

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