What is set-aside?

Set-aside refers to a policy or practice where a portion of resources, such as funds, land, or contracts, is reserved for specific groups or purposes. This is often used in government programs to promote economic opportunities for minority-owned businesses, women-owned businesses, or other disadvantaged groups. In agriculture, set-asides may involve reserving land to reduce production and stabilize prices. The approach aims to address inequalities and encourage diversity in various sectors.