subsidization
/ˌsʌbsɪdɪˈzeɪʃən/
noun
- The act of providing financial support, usually by a government or organization, to reduce costs or encourage an activity.
- Critics argue that subsidization of the oil industry delays the shift to clean energy.
- The subsidization of solar panels helped more homeowners switch to renewable energy.
- Farmers rely on government subsidization to keep food prices stable.
Synonyms