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Related to price support: price control
Maintenance of prices, as of a raw material or commodity, at a certain level usually through public subsidy or government intervention.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(Government, Politics & Diplomacy) 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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
the maintenance of the price of a commodity, product, etc., esp. by means of public subsidy or government purchase of surpluses.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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|Noun||1.||price support - a government subsidy used to maintain prices at a certain level|
subsidy - a grant paid by a government to an enterprise that benefits the public; "a subsidy for research in artificial intelligence"
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