price support

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

Origin of price support

1
First recorded in 1945–50

Words Nearby price support

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How to use price support in a sentence

British Dictionary definitions for price support

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

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