Basic Details
Word: Subsidy
Part of Speech: Noun
Meaning: Money given by the government to help people or businesses pay for something, making it cheaper.
Synonyms: Grant, allowance, financial aid
Antonyms: Tax, levy, charge
Idioms and Phrases
- Subsidy support: Refers to assistance given to help maintain a business or service. Example: "The farmers received subsidy support to keep their crops thriving."
- On the governments dime: Means that something is paid for by the government. Example: "The new roads were built on the governments dime using subsidy funds."
Usage Examples
Example 1: The government offers a subsidy to help families pay for their childrens education.
Example 2: Without the subsidy, many small businesses would struggle to survive during tough economic times.
Example 3: The energy subsidy encouraged households to switch to solar power, making renewable energy more accessible.
Fun Fact
Did you know that the concept of subsidies dates back to ancient times? Governments have been giving financial support to farmers and merchants for centuries to stimulate trade and agriculture.
Famous Quote
"Subsidies are a way of shifting the financial burden away from consumers." Unknown
Multiple Choice Questions (MCQs)
1. What does "subsidy" mean?
a) A type of insurance
b) Money given to help pay for something
c) A kind of loan
d) A tax increase
Answer: b) Money given to help pay for something
2. Which of these is a synonym of "subsidy"?
a) Grants
b) Rent
c) Salary
d) Interest
Answer: a) Grants
3. Which of the following is an antonym of "subsidy"?
a) Donation
b) Charge
c) Grant
d) Financial aid
Answer: b) Charge
4. Which sentence uses "subsidy" correctly?
a) The subsidy helped her create a beautiful garden.
b) The subsidy is a type of fish found in rivers.
c) The subsidy made it easier for students to travel abroad for studies.
d) The subsidy danced at the festival.
Answer: c) The subsidy made it easier for students to travel abroad for studies.
5. Which idiom relates to the concept of "subsidy"?
a) At the drop of a hat
b) On the governments dime
c) A penny for your thoughts
d) Break the ice
Answer: b) On the governments dime
