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

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

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

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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.

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

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The ECB's balance sheet reduction comes just as euro zone governments plan for increased borrowing next year to fund energy price support measures.

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Related Words

• subsidy 
• tax benefit www.thesaurus.com