price support

noun

1. the maintenance of the price of a commodity, product, etc., especially by means of a public subsidy or government purchase of surpluses.

price support

noun

1. 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

Word History and Origins

Origin of price support¹

First recorded in 1945–50

Example Sentences

It didn’t hurt that they often received the government price supports designed for smaller family farms.

From Freakonomics

[Sen. Mark] Kirk is one of three senators leading a push to reduce price-support levels for sugar.

From The Daily Beast

The present price support program must be reexamined and modernized.

From Project Gutenberg

Our price support legislation must be adapted to these objectives.

From Project Gutenberg

This price-support legislation will expire at the end of 1954.

From Project Gutenberg

Related Words

• subsidy
• tax benefit