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In Bolivia, the government currently subsidizes gasoline and bread.
Transformed peacetime industries into war industries
When the government subsidizes a particular product, such as wheat, it becomes more profitable to produce and therefore the supply increases.
transformed peacetime industries into war industries
Subsidizes
The government decided to subsidize the cost of public transportation to make it more affordable for citizens.
Infant industries
Government subsidies make goods more easily attainable for their citizens. For example, the United States government heavily subsidizes gasoline so it is cheaper than it is in other countries such as countries in Europe, where they do not subsidize and the prices are much higher.
the main type of industries are government,education, and transportation
Transformed peacetime industries into war industries
Nigeria has rich oil fields but does not have much refining capacity. Therefore, Nigeria is a net importer of refined fuel products. The government subsidizes refined fuel, and this costs the government about eight billion dollars each year.
Those who were opposed to private ownership of industries and wanted either the government or workers themselves to take over these industries were called socialists.