Meaning of the word subsidy in English

What does subsidy mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

subsidy

US /ˈsʌb.sə.di/
UK /ˈsʌb.sə.di/
"subsidy" picture

Noun

1.

a sum of money granted by the state or a public body to help an industry or business keep the price of a commodity or service low

Example:
The government provides subsidies to farmers.
The company relies heavily on government subsidies to stay afloat.
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