👉 Subsidies, also known as tax credits or financial incentives, are benefits provided by governments to help individuals and businesses meet certain expenses. These benefits can be in the form of direct payments, interest-free loans, or other forms of financial assistance that reduce the cost of goods and services purchased. In the context of subsidies, it is important to note that they may not always have a direct impact on an individual's financial situation directly; instead, they are typically designed to encourage economic activity by lowering taxes
