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Subsidy versus Tariff

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You have learned that a subsidy is preferable to a tariff is the objective is to generate a given amount of employment in an individual industry. Explain this point of language so that it is understandable to someone untrained in economics.

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Clarify Subsidy versus Tariff in this posting.

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You have learned that a subsidy is preferable to a tariff is the objective is to generate a given amount of employment in an individual industry. Explain this point of language so that it is understandable to someone untrained in economics.

First of all we need to define both ...

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Umut Oltulu, MBA
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  • BSc, Dokuz Eylul University
  • MBA, Texas A&M University-Kingsville
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