Subsidy, Substandard Wage, Substantive Law, Substitution Effect

Subsidy, Substandard Wage, Substantive Law, Substitution Effect :

Subsidy : the remuneration paid to individuals, companies, etc. to help in their growth as for the poor, farmers and certain industries

Substandard Wage : The payments which is below sustenance level, the legal minimum or the normal for a particular business or industry

Substantive Law : A document which describes the rights and duties that provides that may give justice to the cause of action

Substitution Effect : A belief which says a drop in the price of a product will cause consumers to substitute it for another product and that a price increase will cause consumers to look for a substitute


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