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price support: 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.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 ...
http://www.businessdictionary.com/definition/price-support.html
Definition of price support: Artificial (non free-market) minimum-price supported by a government to protect vulnerable but crucial producers (such as farmers) from wild fluctuations in the commodity prices. Dictionary Term of the Day Articles Subjects BusinessDictionary Business Dictionary ...
https://www.ldoceonline.com/Economics-topic/price-support
price support in Economics topic. From Longman Dictionary of Contemporary English price support ˈprice supˌport noun [uncountable] PE a system in which the government keeps the price of a product at a particular level by giving the producer money or buying the product itself Examples from the Corpus price support • A switch from price support to income support comes dear.
https://www.britannica.com/topic/price-support
Other articles where Price support is discussed: international trade: Development of a common agricultural policy: …and a common system of price supports took …
https://www.investopedia.com/terms/s/support.asp
Nov 25, 2019 · Support, or support level, refers to the price level that an asset does not fall below for period of time. An asset's support level is created by buyers entering the market whenever the asset dips ...
https://courses.lumenlearning.com/boundless-economics/chapter/introduction-to-the-agriculture-economics/
Consumer Surplus with Price Support: This graph is a complement to the first graph. It demonstrates the effect of implementing a price support on a basic supply and demand chart. The overall consumption will decrease as the government buys up consumer surplus. This demonstrates a …
https://financial-dictionary.thefreedictionary.com/price+support
Price support Government intervention to set an artificially high price through the use of a price floor designed to aid producers. Price Support A government subsidy that keeps the price for a good or service higher than it otherwise would be. For example, the government may set a price support for milk by mandating that suppliers may not accept ...
https://www.britannica.com/topic/price-economics
Price, the amount of money that has to be paid to acquire a given product. Insofar as the amount people are prepared to pay for a product represents its value, price is also a measure of value. It follows from the definition just stated that prices perform an economic function of major
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