income support

see SOCIAL SECURITY BENEFIT.

Fig. 90 Income support. In many countries income-support systems are used specifically to assist the agricultural sector. In the graph, the equilibrium market price is OA. If this price is considered too low to adequately remunerate farmers, the government will set a guaranteed or SHADOW PRICE, say OB, and thus supplement farm incomes by a deficiency payment equal in the aggregate to the shaded area ABCE. Note, in contrast to the PRICE-SUPPORT method, consumers still pay the market-determined price OA and producers sell market-determined output OQ.

The UK used the income-support method to assist its agricultural sector prior to joining the EUROPEAN UNION'S COMMON AGRICULTURAL POLICY scheme in 1973. See AGRICULTURAL POLICY.

income support

1a means of supplementing the INCOMES of poorer members of the community by means of TRANSFER PAYMENTS such as supplementary benefits, unemployment benefit, etc. See NEGATIVE INCOME TAX, REDISTRIBUTION OF INCOME PRINCIPLE OF TAXATION.
a method of supporting the incomes of

certain producers by providing direct payment where market prices are felt to yield insufficient income.

单词	income support
释义	income support income support n (Social Welfare) (in Britain, formerly) a social security payment for people on very low incomes income support In the United Kingdom, welfare payments made to the unemployed or people on low incomes. Translations income support income support (in Britain, formerly) a social security payment for people on very low incomes income support income support see SOCIAL SECURITY BENEFIT. Fig. 90 Income support. In many countries income-support systems are used specifically to assist the agricultural sector. In the graph, the equilibrium market price is OA. If this price is considered too low to adequately remunerate farmers, the government will set a guaranteed or SHADOW PRICE, say OB, and thus supplement farm incomes by a deficiency payment equal in the aggregate to the shaded area ABCE. Note, in contrast to the PRICE-SUPPORT method, consumers still pay the market-determined price OA and producers sell market-determined output OQ. The UK used the income-support method to assist its agricultural sector prior to joining the EUROPEAN UNION'S COMMON AGRICULTURAL POLICY scheme in 1973. See AGRICULTURAL POLICY. income support 1a means of supplementing the INCOMES of poorer members of the community by means of TRANSFER PAYMENTS such as supplementary benefits, unemployment benefit, etc. See NEGATIVE INCOME TAX, REDISTRIBUTION OF INCOME PRINCIPLE OF TAXATION. a method of supporting the incomes of certain producers by providing direct payment where market prices are felt to yield insufficient income. AcronymsSeeIS
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