Subsidy is? - MrProfessor

Practice this MCQ: Subsidy is?. Check correct answer and detailed explanation on MrProfessor.

Explanation

A subsidy is a financial benefit provided by the government to individuals or businesses to support an activity, reduce costs, or promote economic or social goals. Unlike a tax, loan, or fine, it is a direct or indirect grant that does not require repayment. Thus, it is correctly defined as a benefit given by the government.