support price - significado y definición. Qué es support price
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Qué (quién) es support price - definición

SUBSIDY OR PRICE CONTROL INTENDED TO INCREASE THE MARKET PRICE OF A GOOD HIGHER THAN THE COMPETITIVE EQUILIBRIUM LEVEL
Price supports; Support price

support price         
¦ noun a minimum price guaranteed to a farmer for agricultural produce and maintained by subsidy or the buying in of surplus stock.
Price support         
In economics, a price support may be either a subsidy, a production quota, or a price control, each with the intended effect of keeping the market price of a good higher than the competitive equilibrium level.
Tobacco Price Support Program         
Tobacco price support program
The Tobacco Price Support Program used a combination of marketing quotas and nonrecourse loans to keep prices stable and higher than they would be otherwise in the United States. The tobacco quota limited production to raise prices.

Wikipedia

Price support

In economics, a price support may be either a subsidy, a production quota, or a price control, each with the intended effect of keeping the market price of a good higher than the competitive equilibrium level.

In the case of a price control, a price support is the minimum legal price a seller may charge, typically placed above equilibrium. It is the support of certain price levels at or above market values by the government.

A price support scheme can also be an agreement set in order by the government, where the government agrees to purchase the surplus of at a minimum price. For example, if a price floor were set in place for agricultural wheat commodities, the government would be forced to purchase the resulting surplus from the wheat farmers (thereby subsidizing the farmers) and store or otherwise dispose of it.

Ejemplos de uso de support price
1. The EU plans to slash its white sugar support price by 3' per cent over the two years 2006–2007.
2. He favoured introduction of the support price as well as a minimum procurement price for incentives to farmers.
3. The meeting also decided to increase the support price of wheat from the existing 415 rupee per forty kilogram to 425 rupees.
4. Yesterday‘s proposal by Mariann Fischer Boel, the agriculture commissioner, that the support price should be cut by an impressively ambitious 3' per cent, is about four decades overdue.
5. Early this month, one employee was laboriously processing dozens of written applications for "loan deficiency payments," filed by farmers taking advantage of a wide gap between corn prices and the government‘s corn support price.