state aid
"State aid" involves government support to sectors, organizations, or individuals, often scrutinized for its impact on competition, especially within the European Union.
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Definition
B2General
(formal)Financial support provided by the government to sectors, organizations, or individuals.
Example
- The government announced state aid to support small businesses during the economic downturn.
C1Economics
(technical)Public funds or resources given by the government to improve specific industries or sectors, which can affect market competition.
Example
- State aid to the agricultural sector has been a topic of debate due to its impact on market prices.
C1European Union
(legal, technical)Government grants, subsidies, or advantages to companies that are regulated to prevent distortion of competition and trade between member states.
Example
- The European Commission is reviewing the state aid provided to the national airline to ensure it complies with EU regulations.
Similar
Terms that have similar or relatively close meanings to "state aid":