subsidization

Vocabulary Word

Definition

'Subsidization' involves providing financial help or support to a person, business, or industry. It's like a government giving money to farmers to produce more crops.

Examples in Different Contexts

In technology development, 'subsidization' can foster innovation and research. A technology consultant might assert, 'Subsidization of research and development projects accelerates technological advancements, driving progress and fostering a conducive environment for innovation.'

Practice Scenarios

Business

Scenario:

Our entrepreneurship ecosystem has a need for better support mechanisms. The introduction of conducive policies could foster a favorable environment for startups.

Response:

A plan for subsidization could attract more venture capital to the ecosystem and strengthen the startup scene.

Education

Scenario:

Numerous bright students are unable to afford higher education. We need a solution that makes education more accessible.

Response:

A potential answer could be the subsidization of tuition fees. It would make education available for a broader spectrum of students.