the maintenance of the price of a commodity, product, etc., especially by means of a public subsidy or government purchase of surpluses.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use price support in a sentence
It didn’t hurt that they often received the government price supports designed for smaller family farms.How the Supermarket Helped America Win the Cold War (Ep. 386 Rebroadcast) | Stephen J. Dubner | August 6, 2020 | Freakonomics
[Sen. Mark] Kirk is one of three senators leading a push to reduce price-support levels for sugar.
The present price support program must be reexamined and modernized.State of the Union Addresses of Harry S. Truman | Harry S. Truman
Our price support legislation must be adapted to these objectives.State of the Union Addresses of Harry S. Truman | Harry S. Truman
This price-support legislation will expire at the end of 1954.
British Dictionary definitions for price support
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 & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012