The act of providing a subsidy generally means that money is supplied to a person, government or a corporation with the intent of securing an action deemed to be beneficial to the party providing the subsidy or too a worthy… Full Answer
There a number of different subsidy types available. One of the most common is a cash grant subsidy. Other types include tax concessions, in-kind subsidies, cross subsides, derivative subsidies and credit subsides.
Tax incidence refers to who actually pays the tax. Tax incidence can be divided into 1. formal incidence :the party liable to the tax 2. Informal incidence :party who actually pays the tax, The tax incidence is decided by the… Full Answer
Subsidy is basically just money given by a government or person to another. The official definition for the word subsidy is "a sum of money granted by the government or a public body to assist an industry or business so… Full Answer