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Government subsidies are financial assistance programs provided by the government to support various sectors, industries, or groups within the economy. They can take the form of direct payments, tax breaks, or grants and are aimed at promoting economic growth, supporting low-income individuals, encouraging certain behaviors (like renewable energy use), or stabilizing prices. Recipients of subsidies can include farmers, businesses, non-profit organizations, and individuals, particularly those in need of assistance for basic necessities like housing, education, or healthcare.

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1d ago

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