government support
Government support refers to the assistance provided by a government to individuals, businesses, or organizations to help them achieve specific goals. This support can take various forms, including financial aid, grants, subsidies, or tax incentives. The aim is often to promote economic growth, improve public welfare, or encourage innovation.
Such support can be crucial during challenging times, such as economic downturns or natural disasters. For example, during the COVID-19 pandemic, many governments offered stimulus packages to help small businesses and individuals cope with financial hardships. This assistance plays a vital role in stabilizing the economy and fostering recovery.