Government subsidies are financial assistance programs provided by the government to support specific industries, businesses, or individuals. These funds can help lower the cost of goods and services, making them more affordable for consumers. Subsidies can take various forms, including direct cash payments, tax breaks, or grants, and are often aimed at promoting economic growth, job creation, or social welfare.
Subsidies are commonly used in sectors like agriculture, energy, and education. For example, farmers may receive subsidies to help stabilize their income, while renewable energy companies might get financial support to encourage the development of cleaner energy sources.