English version

price support in Economics topic

From Longman Dictionary of Contemporary Englishprice supportˈprice supˌport noun [uncountable] 🔊 🔊 PEa system in which the government keeps the price of a product at a particular level by giving the producer money or buying the product itself
Examples from the Corpus
price supportA switch from price support to income support comes dear.The answer seemed to point to substantial cuts in price support together with a better re-distribution of budget towards smaller producers.These provided for cuts which would nevertheless increase price support spending by 30 percent to ECU32,500 million.On the economic side, there is no doubt that price support must be reduced to nearer world levels.