How Do You Spell PRICE SUPPORT?

Pronunciation: [pɹˈa͡ɪs səpˈɔːt] (IPA)

Price support is a term used to describe actions taken by governments or organizations to maintain a certain level of value or minimum price for a commodity or product. The spelling of "price support" can be broken down phonetically using the International Phonetic Alphabet (IPA) as /praɪs səˈpɔːt/. This translates to "pry-suh-pawrt" and takes into account the commonly accepted pronunciation and emphasis of each syllable. The term is often used in agriculture and trade to refer to policies that aim to stabilize the market and prevent fluctuations in prices.

PRICE SUPPORT Meaning and Definition

1. Price support refers to a government intervention in the market aimed at maintaining or increasing the selling price of certain goods or commodities by artificially manipulating supply and demand dynamics. This is typically achieved through various mechanisms, including the purchase of excess supply, direct subsidies to producers, or imposing import restrictions.

   The primary objective of price support is to provide financial relief to producers who may be facing low prices due to market forces such as oversupply or intense competition. By interfering in the market, the government aims to prevent market prices from falling below a certain threshold, ensuring producers receive a higher income for their goods.

   Price support measures are often implemented in industries such as agriculture, where the livelihoods of farmers can be heavily impacted by fluctuating prices. These interventions may involve government agencies buying surplus production to reduce supply and increase prices, providing financial aid or subsidies to farmers, or imposing import tariffs to limit competition from foreign producers.

   While price support measures can provide short-term relief for producers, they can result in unintended consequences such as market distortions, inefficiencies, and increased fiscal burden on the government. Critics argue that price support mechanisms can disrupt market signals, leading to overproduction, waste, and the misallocation of resources. Additionally, they can hinder market competitiveness and discourage innovation.

   Overall, price support refers to government actions intended to stabilize or raise prices in specific sectors, with the ultimate goal of sustaining producer incomes.

Common Misspellings for PRICE SUPPORT

• orice support
• lrice support
• -rice support
• 0rice support
• peice support
• pdice support
• pfice support
• ptice support
• p5ice support
• p4ice support
• pruce support
• prjce support
• prkce support
• proce support
• pr9ce support
• pr8ce support
• prixe support
• prive support
• prife support
• price suppordt
• pricesupport

Etymology of PRICE SUPPORT

The word "price support" is a compound term comprised of the words "price" and "support".

1. Price: The word "price" originated from the Old French word "pris", which meant "value", "price", or "reward". The Old French word can be traced back to the Latin word "pretium", meaning "price", "value", or "worth". The Latin word likely has its roots in the Proto-Indo-European word *per(th)-, which meant "to sell" or "to traffic".

2. Support: The word "support" originated from the Old French word "supporter", which meant "to bear" or "to endure". It can be further traced back to the Latin word "supportare", which combined "sub", meaning "under", and "portare", meaning "to carry".