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 ?
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.
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Assistance Board to handle relief for those outside the contributory benefit system, was Poor Law legislation formally repealed.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.
Bluepoint Solutions today announced it is partnering with the Las Vegas chapter of the national Assistance League to support the needs of Operation School Bell, a volunteer-based program that provides children in need with new school clothing, jackets, shoes, backpacks and school supplies.
Regional cooperation in the Eastern Neighbourhood complements national assistance programmes by funding actions addressing common regional challenges, and encourages intra-regional cooperation dialogue and knowledge sharing.
Yes, National Assistance, which I can just remember, started in 1948, followed by Social Security in 1966, then Disability Living Allowance (John Major's baby) in 1992 and now, if it ever happens, Universal Credit.
6) In this absence of new legislation, services developed under the 1948 National Assistance Act.
This week's application for a judicial review heard claims from Patricia Robertson QC, for BCC, that the council was in breach of its responsibilities under the 1948 National Assistance Act to secure residential accommodation for vulnerable people.
At the same time, MEPs called on the European Commission to support, "with all financial and political means," Belarusian civil society, by inter alia redirecting European Neighbourhood Policy (ENP) and national assistance to NGOs, independent media ventures and scholarships for students repressed for their anti-regime activities.
May 10, 1951: The register of unemployment showed that only 43 people in Huddersfield Borough were in receipt of unemployment benefit or national assistance.

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