English version

support price

From Longman Business Dictionarysupport pricesupˈport price [countable]ECONOMICS a price for food products promised to farmers by a government. For example, governments who are members of the European Union pay farmers the difference between market prices and support prices whenever market prices are lower SYN GUARANTEED PRICEFarmers are looking for alternative crops in the face of expected cutbacks in EU farm support prices. price
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