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http://www.investorwords.com/3821/price_support.html
price support. Definition. Minimum price for a product, established by a government and supported by payments to producers in the event that the market price falls below the specified minimum.
https://www.merriam-webster.com/dictionary/price%20support
Price support definition is - artificial maintenance of prices (as of a raw material) at some predetermined level usually through government action. artificial maintenance of prices (as of a raw material) at some predetermined level usually through government action…
https://www.thefreedictionary.com/price+support
price support n. Maintenance of prices, as of a raw material or commodity, at a certain level usually through public subsidy or government intervention. price support n (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 ...
https://www.investopedia.com/terms/p/price-controls.asp
Price controls are government-mandated legal minimum or maximum prices set for specified goods. They are usually implemented as a means of direct economic intervention to manage the affordability ...
https://www.thoughtco.com/introduction-to-price-supports-4082777
Price supports are similar to price floors in that, when binding, they cause a market to maintain a price above that which would exist in a free-market equilibrium.. Unlike price floors, however, price supports don’t operate by simply mandating a minimum price. Instead, a government implements a price support by telling producers in an industry that it will buy output from them at a ...
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