„Price Support“

What does Price Support stand for?

Subsidy or financial aid offered to specific growers, producers, or distributors, in accordance with governmental regulations to keep market prices from dropping below a certain minimum level.

Source:

Baldwin, Robert E. “The Political Economy of U.S. Import Policy.” MIT Press, Cambridge, 1994.

Economic Theories and ConceptsView all items
Something is not correct?Let us know!