A subsidy is an amount of money provided to firms to help reduce production costs which can then be passed on as lower prices, and which can encourage consumption.
Subsidies can be justified as a solution to the problem of market failures, including subsidising merit goods and public goods.
U.S. Job Losses During the Covid-19 Pandemic by Ethnicity Effects from the Covid-19 pandemic have been devastating and are proving to be a game-changer in the 2020 world economic setup. Indeed, the pandemic has led ...
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