noun[mass noun] Economics
Government assistance in maintaining the levels of market prices regardless of supply or demand: [as modifier]: existing price support mechanisms ensure a minimum price for much farm produce
More example sentences
- ‘At current prices, cattle farmers are losing serious money and the minister will have to urgently deliver on his commitments on re-opening markets and effective intervention price support,’ he said.
- Wholesale butter, powder and cheese prices have been struggling all year to stay above price support levels.
- Countering competition, they seek consolidation and price support interventions.
Definition of price support in:
- The US English dictionary