Subsidy

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Subsidy, SUHB suh dee, is a money payment or other form of aid that the government gives to a person or organization. Its purpose is to encourage some needed activity by furnishing funds, free land, tax relief, or legal rights that might otherwise be lacking.

Rationing

Rationing, RASH uh nihng or RAY shuh nihng, is a system used by a government to distribute scarce products among the people of a country. Rationing… See more »

Standard of living

Standard of living usually refers to the economic level achieved by an individual, family, or nation. It may be measured by the value of the goods… See more »

Cost of living

Cost of living is the amount of money needed to buy a standard amount of consumer goods and services. Needs of individual persons and families… See more »

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Subsidy

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