corporate welfare
1 of 1noun/ˈkɔrpərɪt ˈwɛlfɛr/
Forms:corporate welfares
1
subsidies, incentives, or benefits given by the government to big or growing businesses and corporations
C2Learn more on Wikipedia- 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.
- The debate over corporate welfare intensified as taxpayers questioned the justification of using public funds to bail out failing industries.
- Transparency advocates call for greater oversight and accountability in the distribution of corporate welfare to ensure that the funds are used effectively.