Price Support

Pronunciation: /praɪs səˈpɔrt/

Definitions of price support

noun a noun is a word that represents a person, place, thing, or idea. In this case, 'price support' is a noun referring to a government policy or program designed to maintain or increase the market price of a commodity or product.

Example Sentences

A1 Price support helps farmers by ensuring they receive a fair amount of money for their crops.

A2 Government price support programs can help stabilize the economy during times of crisis.

B1 Many agricultural industries rely on price support to maintain stable prices for their products.

B2 Price support policies can sometimes lead to market distortions if not carefully managed.

C1 Economists debate the effectiveness of price support mechanisms in achieving long-term economic stability.

C2 The government's decision to implement price support for certain industries has sparked controversy among experts.

Examples of price support in a Sentence

formal The government implemented a policy of price support to stabilize the agricultural market.

informal The government is helping farmers by giving them price support for their crops.

slang Farmers are getting a boost with some price support from the authorities.

figurative Price support acts like a safety net for farmers in times of market fluctuations.

Grammatical Forms of price support

• plural: price supports
• present tense: price support
• future tense: will price support
• perfect tense: have price supported
• continuous tense: is price supporting
• singular: price support
• positive degree: price support
• infinitive: to price support
• gerund: price supporting
• participle: price supported

Origin and Evolution of price support

First Known Use: 1920 year

Language of Origin: English

Story behind the word: The term 'price support' originated in the United States during the early 20th century.

Evolution of the word: Initially used in the context of government policies to maintain agricultural prices, the term 'price support' has evolved to encompass various industries and sectors where the government intervenes to stabilize prices or prevent them from falling below a certain level.