Term:
Support
Definition:
Support refers to transfers, in monetary form, from the government or consumers to an activity or sector. Support can include transfers from governments the form of direct payments (e.g., grants), cost-reducing transfers (e.g., loan concessions) and general services (e.g., government funded marketing or research). Transfers from consumers to an activity or sector is primarily made up of market price support normally arising from tariffs and quantitative restrictions.
Domain:
Finance
Source:
Review of Fisheries in OECD Countries: Glossary, February 1998