Subsidy

News

Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

Subsidy - definition

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.

subsidy diagram

Subsidies can be justified as a solution to the problem of market failures, including subsidising merit goods and public goods.

Other stories

WTO rules

What exactly is the 'most favoured nation' rule?

Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

Customs unions

Costs and benefits of customs unions.

New materials

Multiple choice papers for Paper Three.

Savings ratio

Savings ratio falls to lowest level on record.