Question

Monetary grants given to producers to encourage economic growth in a specific industry is referred to as?

Answer 1

Answer:

The answer would be Subsides.

Explanation:

When an industry in a country is not performing up to the mark, but it has a big impact on the economy, then Government or Federal state helps them in terms of money to fulfill their expenses and resume the working of that industry to encourage economic growth in that specific industry. For example if the Railways of a country is not performing well and is unable to meet its expenses, then they don't raise the fare to meet its expenses, rather Government give subsides(Monetary Grants) to the specific industry to meet expenses and run the industry and encourage economic activities and growth.