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Corporate welfare
/kˈɔːpəɹət wˈɛlfeə/
/kˈɔːɹpɚɹət wˈɛlfɛɹ/Corporate welfare
01
subsidies, incentives, or benefits given by the government to big or growing businesses and corporations
Example
Critics argue that corporate welfare distorts the free market by giving unfair advantages to certain businesses through government subsidies.
The government faced backlash for providing corporate welfare to large multinational corporations while small businesses struggled to survive.
Proponents of corporate welfare claim that such financial support is necessary to protect jobs and stimulate economic growth.
