What is another word for price support?

91 synonyms found


[ pɹˈa͡ɪs səpˈɔːt], [ pɹˈa‍ɪs səpˈɔːt], [ p_ɹ_ˈaɪ_s s_ə_p_ˈɔː_t]

Price support is a term that refers to the actions taken by a government or central authority to maintain a specific price of a commodity or product in the market. It can also be described as a policy that aims to protect the interests of producers by ensuring that the market price does not fall below a certain level. Some synonyms for the term price support include subsidy, assistance, aid, backing, reinforcement, encouragement, and reinforcement. Other terms that are often used in connection with price support include price controls, market interventions, and government regulation. Regardless of the term used, price support measures are designed to stabilize prices and promote economic growth.

How to use "Price support" in context?

Price support refers to the practice of reducing or maintaining the price of a specific goods or services to support the demand for that good or service. When the price of a good is artificially lowered, it encourages consumers to purchase that good in order to maintain their purchasing power. Conversely, when the price of a good is raised, it can discourage consumers from purchasing that good, as the price may be higher than their desired cost.

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