In 2006, the federal government spent $92 billion in direct and indirect subsidies to businesses and private-sector corporate entities. Some corporations that received millions in taxpayer-funded benefits induced Boeing, Xerox, IBM, Motorola, and Dow Chemical and General Electric. These are examples of:

Question

Social Studies

Jolie Gardner

8 December, 13:22

In 2006, the federal government spent $92 billion in direct and indirect subsidies to businesses and private-sector corporate entities. Some corporations that received millions in taxpayer-funded benefits induced Boeing, Xerox, IBM, Motorola, and Dow Chemical and General Electric. These are examples of:

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Answers (1)

Know the Answer?

Kimora Clarke · Answer 1

Corporate welfare.

Explanation:

Corporate welfare is the government support for private business. This support is both direct and indirect, as the example explains.

Direct corporate welfare involves subsidies, grants, loans and the public buying of shares. However, indirect corporate welfare is out of sight, it is diverse and less clear.

The example describes how the federal government spent $92 billion in 2006 in corporate welfare.