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Definitions from WordNet

Definitions from the Web

Term: Price Support

Definition: Price support refers to the governmental actions taken to stabilize or raise the price of a specific commodity or product, typically through the implementation of subsidies, production controls, or other mechanisms.

Example Sentences:

1. The government implemented price support measures to prevent the plummeting price of wheat, ensuring the stability of farmers' income.
2. Price support policies have been put in place to sustain the profitability of the dairy industry during times of oversupply.
3. The price support program provided subsidies to encourage renewable energy companies to remain competitive.

Possible Related Products: Price Support Books, Price Support Subsidies, Price Stabilization