Economy

Subsidy: How does it work since the pandemic?

When essential goods and services seem to be out of reach of the common man, there is an economic policy which the government can call upon to save the day: Subsidy.   What is the subsidy?   A subsidy can be defined as a  benefit enjoyed by citizens, companies, and other institutions, which the government deems fit. It can be typically a monetary form or tax relief. It is offered to reduce some form of a financial burden to various institutions, and governments usually look at the best interest of the public, social relevance, and how it will affect the economy.  Major things to notice in subs... See more