income support


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income support

see SOCIAL SECURITY BENEFIT.
Income supportclick for a larger image
Fig. 90 Income support. In many countries income-support systems are used specifically to assist the agricultural sector. In the graph, the equilibrium market price is OA. If this price is considered too low to adequately remunerate farmers, the government will set a guaranteed or SHADOW PRICE, say OB, and thus supplement farm incomes by a deficiency payment equal in the aggregate to the shaded area ABCE. Note, in contrast to the PRICE-SUPPORT method, consumers still pay the market-determined price OA and producers sell market-determined output OQ.

The UK used the income-support method to assist its agricultural sector prior to joining the EUROPEAN UNION'S COMMON AGRICULTURAL POLICY scheme in 1973. See AGRICULTURAL POLICY.

income support

  1. 1a means of supplementing the INCOMES of poorer members of the community by means of TRANSFER PAYMENTS such as supplementary benefits, unemployment benefit, etc. See NEGATIVE INCOME TAX, REDISTRIBUTION OF INCOME PRINCIPLE OF TAXATION.
  2. a method of supporting the incomes of
certain producers by providing direct payment where market prices are felt to yield insufficient income.
References in periodicals archive ?
Benazir Income Support ki taraf say ghr ghr survey kay teht ap ka Rs25,000 manzoor ho gaya ap ka yah number 03364581171 register hay plz call me 03033909441 from 0346-1633935.
Mr Abbott said the income support payments were given to tens of thousands of people, including war veterans' children.
Then on November 11 last year she returned home from an Armistice Day Service, where she saw a plaque bearing her son's name unveiled on a memorial, to find a letter informing her that the income support had been axed.
The Benazir Income Support Programme helps some of Pakistan's poorest people meet their everyday needs," said Ambassador Anne W.
This will be available during nursery or school hours for lone parents and partners of parents claiming Income Support and Employment and Support Allowance.
This World Bank report "synthesizes the findings of an intensive program of analysis, dialogue, and partnerships focused on the future of social protection and income support in Argentina" and was produced in collaboration primarily with Argentina's Ministry of Labor, Employment and Social Security and the Ministry of Social Development.
What the government has completely overlooked is that there is a group of Australians on income support that has to get by on even less than the pension; the unemployed.
She claimed income support, housing benefit and council tax benefit.
To qualify you must be getting benefits such as Working Tax Credit (with an income of less than pounds 15,460), Disability Living Allowance, Child Tax Credit, Housing Benefit, Income Support, Council Tax Benefit or War Disablement Pension.
Some benefits do not count as income towards your entitlement to Income Support as a couple.
The third section comments on future research priorities for building a much better understanding of labour force and income support combinations and transitions for people engaged in informal care giving through the life-course.
She also admitted failing to make true and accurate representations of her savings and capital, obtaining income support by giving false statements and failing to notify the Department for Work and Pensions of her change in circumstances.