A currency (from Middle English: curraunt, in circulation, from Latin: currens, -entis) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.
Although commonly extended from Government, the term subsidy can relate to any type of support-for example from NGOs or implicit subsidies. Subsidies com: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, depreciation write-offs, rent rebates).ith an employment subsidy, the government provides assistance with wages. Another form of employment subsidy is the social security benefits. Employment subsidies allow a person receiving the benefit to enjoy some minimum standard of living.
Import subsidy and import tariff. In economic terms, an import subsidy has the reverse effect of an import tariff. The effects of both instruments on the quantities imported are shown in Figure 6. Figure 6. Economic effects of import subsidy and tariff.