Examlex
Briefly define the cause-effect organizational pattern.
Subsidy
Financial support extended by the government to an economic sector (or institution, business, or individual) with the aim of promoting economic and social policy.
Highly Elastic
Refers to a strong responsiveness of the quantity demanded or supplied of a good to a change in its price.
Statutorily Granted
Pertains to rights or powers given or enforced by a legislative body or statute.
Government Subsidy
Financial assistance provided by the government to individuals, organizations, or industries to support their operation or reduce the price of their products.
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