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A subsidy, subvention or government incentive is a type of government expenditure for individuals and households, as well as businesses with the aim of stabilizing the economy. It ensures that individuals and households are viable by having access to essential goods and services while giving businesses the opportunity to stay afloat and/or ...
Traditional examples of industrial policy include subsidizing export industries and import-substitution-industrialization (ISI), where trade barriers are temporarily imposed on some key sectors, such as manufacturing. [7] By selectively protecting certain industries, these industries are given time to learn (learning by doing) and upgrade.
Anti-subsidy Congressional testimony; Articles & sources from an anti-subsidy perspective; Anti-subsidy information from NewRules.org; A corporate welfare example from N.Y. A pro-subsidy perspective; Interview with Samuel Edward Konkin III - 3 types of capitalists, categorizes State support of businesses as dangerous
Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company's ability to sell stakes in its chipmaking unit if it becomes an independent entity.
An example sometimes cited is a subsidy for the provision of flu vaccines and the public goods (such as education and national defense), research & development, etc. [6] [7] Pigouvian taxes are named after English economist Arthur Cecil Pigou (1877–1959), who also developed the concept of economic externalities.
Export subsidies can cause inflation: the government subsidises the industry based on costs, but an increase in the subsidy is directly spent on wage hikes demanded by employees. Now the wages in the subsidised industry are higher than elsewhere, which causes the other employees demand higher wages , which are then reflected in prices ...
Factory Physics [1] is a book written by Wallace Hopp and Mark Spearman, which introduces a science of operations for manufacturing management. According to the book's preface, Factory Physics is "a systematic description of the underlying behavior of manufacturing systems. Understanding it enables managers and engineers to work with the ...
Trade Adjustment Assistance for Firms provides import impacted companies with professional guidance, business recovery plan development, and cost-sharing for outside consulting services. Eligibility is established along similar lines, with companies showing that there has been a recent decrease in sales and employment, in part due to customers ...