Subsidize

To Subsidize means to support an organization or activity financially, often by providing funds or resources to help it continue operating or to make it more affordable. This support is often provided by a government, organization, or individual. Subsidies are typically implemented to encourage activities deemed beneficial to society or to protect specific industries or groups from economic hardship. They can take many forms, including direct payments, tax breaks, or price controls. The intention behind subsidizing is to lower costs, increase production, or make a service more widely accessible.

Subsidize meaning with examples

• The government decided to Subsidize the local agricultural sector, providing farmers with financial assistance to help them maintain production during the drought and ensuring food security for the nation.
• The city council voted to Subsidize public transportation, aiming to reduce traffic congestion, improve air quality, and make commuting more affordable for low-income residents within the metropolitan area.
• Many countries Subsidize renewable energy sources like solar and wind power, providing incentives for companies to invest in these technologies in an effort to combat climate change and reduce reliance on fossil fuels.
• The university offers subsidized housing options to its graduate students, ensuring they can afford to live comfortably while pursuing their advanced degrees and focusing on their academic research.