Subsidization

Pronunciation: /ˌsʌbsɪdɪˈzeɪʃən/

Subsidization (noun)

  1. The act of giving money support from the government to reduce costs for a person, business, or service.
  2. The process of paying part of production or operating costs so an industry can sell at lower prices.

Examples

  • The subsidization helps families pay for basic services.
  • Subsidization can reduce prices when the government supports costs.