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Economic Definition of subsidy. Offline Version: PDF. Term subsidy Definition: A payment from government to individuals or businesses without any expectations of production. The best way of thinking about a subsidy is as a negative tax.
Definition of AGRICULTURAL ECONOMICS. : the scientific study of methods, practices, conditions, and policies affecting agriculture. ADVERTISEMENT.ote that some information is displayed differently in the Unabridged. To access the complete Unabridged Dictionary, with an additional 300,000 words that aren't in our free dictionary, start a free trial.