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corporate welfare
/kˈɔːɹpɚɹət wˈɛlfɛɹ/
/kˈɔːpəɹət wˈɛlfeə/
Corporate welfare
01
subsidies, incentives, or benefits given by the government to big or growing businesses and corporations
Examples
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.
