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 ?
In 1942, he proposed a program for post-war income security that included comprehensive social insurance and national assistance programs.
Both as a strategy of political legitimation and in response to their consternation at Mexico's poverty, Maximilian and Charlotte moved quickly to implement national assistance programs.
teacher and then expanded by the National Assistance League, provided new clothing, footwear, school supplies and personal-care items to 122,000 U.S.
They educated commissioners and the public about their profession and sought local and national assistance from MTNA.
The group hoped to determine what national assistance is required to make them more successful, while encouraging the local executives to cater to the needs of local members.
They are supported by the National Assistance Act which requires social services to look after them.
Although we might regard this as similar in spirit to postwar poverty lines based on National Assistance or Supplementary benefit scales, it is important to recognise that the interwar social security system was not conceived in the same way as a universal guarantee of subsistence income.(11) In particular, it was not used as an agreed standard for poverty measurement.
But in taking this position, he ignores the relationship between local and national politics that springs from racial conflict, the urban/suburban divide, the widespread depiction of urban populations as unworthy of national assistance, and the general effect of the Republican party's agenda.
From the initial formulation of the Poor Law through to the National Assistance Act there has been concern about the welfare of the old, the ill and the unemployed.
Only in 1948, with the creation of the National Assistance Board to handle relief for those outside the contributory benefit system, was Poor Law legislation formally repealed.
Kiplinger urged industry support for the bills by pointing out the "widespread national assistance for foundries throughout Europe and the United Kingdom, and the Far East."
A spokeswoman for the Cl a ckmannanshi re authority said: "In the event of a National Assistance Act funeral, the council is responsible, and makes decisions on an individual case basis on the grounds of cost and appropriateness." Serial child sex abuser Sinclair raped and murdered Christine Eadie and Helen Scott, both 17, in 1977, in what came to be known as the World's End murders.

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