price support
noun[U]
ukusECONOMICS,COMMERCE
thesituationin which agovernmentprotectscompanies, orproducerssuch asfarmers, by makingsurethatpricesofparticularproductsorservicesdo notfallbelow acertainlevel:
We have beenactivesupportersofincreasingdairycommoditypricesunder the Dairy Product Price Support Program.