subsidiarity(redirected from Principle of subsidiarity)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
In Catholic social justice theory, the idea that decisions should be made at the lowest feasible level of governance. That is, subsidiarity states that humans, while basically the same, sometimes have different needs and if possible should be able to solve their own problems without having solutions imposed upon them. This concept has been used to criticize socialism and state regulation more generally. See also: Solidarity.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
subsidiaritya principle enshrined in the MAASTRICHT TREATY which affirms that, wherever possible, decision-making in the EUROPEAN UNION (EU) should be ‘taken as close as possible to the citizens’ affected. This implies that matters affecting all member countries need to be resolved at an EU-wide level whereas matters affecting only an individual member country are best left to the member concerned. See SOCIAL CHAPTER, COMPETITION POLICY (EU).
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
subsidiaritya term used in the context of the position of the EUROPEAN UNION (EU) authorities vis-à-vis individual member countries with regard to the locus of power and responsibilities in the application of central EU policies to member countries. For example, EU COMPETITION LAWS take precedence over the national competition laws of member countries. However, a subsidiarity provision can be invoked, which permits the competition authority of a member country to request permission from the EU Competition Directorate to investigate a particular dominant firm or merger case if it appears that the ‘European dimension’ is relatively minor compared to its purely local impact.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005