price support

American  

noun

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

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price support British  

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

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Etymology

Origin of price support

First recorded in 1945–50

Example Sentences

Yet Henderson cautioned the broad use of price supports could have unintended negative consequences.

From The Wall Street Journal

To protect millions of livelihoods, the government shields key crops like wheat, rice and dairy with import duties and price support.

From BBC

A backdrop of tight supplies in the U.S. provided further price support, with storage at Cushing, Oklahoma, the delivery point for U.S. crude futures, already at their lowest since July 2022.

From Reuters

Developers stayed away because the minimum price support being offered was not high enough.

From New York Times

Trading volume in Alibaba, for example, is in decline and what little price support has been seen across the sector seems to have come mainly from short covering.

From Reuters

Related Words

• subsidy
• tax benefit