support price
noun
the price at which the government will purchase commodities, especially farm produce, in order to maintain a certain price level.
Origin of support price
1First recorded in 1940–45
Words Nearby support price
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use support price in a sentence
The farmers want the government to repeal the laws and bring in legislation to guarantee minimum support prices for their crops.
Why India’s chefs and restaurants must pay attention to the farmer protests | Raghav Simha | February 18, 2021 | Quartz
Browse