price support


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Related to price support: price control

price support

n.
Maintenance of prices, as of a raw material or commodity, at a certain level usually through public subsidy or government intervention.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

price support

n
(Government, Politics & Diplomacy) government maintenance of specified price levels at a minimum above market equilibrium by subsidy or by purchase of the market surplus at the guaranteed levels
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

price′ support`


n.
the maintenance of the price of a commodity, product, etc., esp. by means of public subsidy or government purchase of surpluses.
[1945–50]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.price support - a government subsidy used to maintain prices at a certain level
subsidy - a grant paid by a government to an enterprise that benefits the public; "a subsidy for research in artificial intelligence"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The Department of Trade and Industry (DTI) yesterday batted for a time bound price support for a to small poultry growers, which are now reeling from falling prices of chicken due to oversupply in the local market.
By ending the price support program, China's domestic corn price will likely continue to fall and producing corn may not be as profitable (Anderson-Sprecher and Ji, 2016).
Similarly, India has also rejected Australia's claim that India's market price support for sugarcane is in excess of its WTO spending limits.
The decision to provide annual price support amounting to roughly Rs44 billion from Sept 27 this year was announced by federal Finance Minister Asad Umar in his mini-budget speech last month.
Previous reports suggest it will cost the government around RM3 billion to continue with the price support in 2018.
The dominant form of support to the country's local producers is through the market price support (MPS).
News Special Government's good intentions to give price support to farmers by imposing duty on rice imports are doing a disservice due to the jacking up of prices by profiteers.
It should be noted that the "Help to Buy" scheme should be more properly called a property price support scheme.
It is said the market was range-bound as falling crude inventories provided price support while high output was capping gains.
Food Corporation of India (FCI) will be the designated central nodal agency for price support operations for cereals, pulses and oilseeds.
From then on, setting the annual price support level became a major Federation concern.