Revenue Tariff Definition Economics

The tax is so high that it makes an.

Revenue tariff definition economics. Ranking the optimum tariff and the maximum revenue tariff. A tariff is a tax imposed on imported goods and services. For the term revenue tariff may also exist other definitions and meanings the meaning and definition indicated above are indicative not be used for medical and legal or special purposes. Journal of international economics 7 1 73 79.

A quota is a limit to the quantity coming into a country. Information and translations of revenue tariff in the most comprehensive dictionary definitions resource on the web. A tariff designed to produce income for the federal government. There are two types of protection.

In advanced countries the introduction and diversification of direct taxes has reduced the importance of tariff as a source of government revenues. A tariff high enough to protect less efficient domestic industries. Meaning of revenue tariff. Meaning and definition of revenue tariff.

The tariff which is imposed primarily for generating more revenues for the government is called as the revenue tariff. There are five main types of tariffs protective prohibitive specific ad valorem and revenue. A tax on imported goods that has the purpose of making money for the country that imports them. A tariff is a tax on imported goods and services and is also called a customs duty.

Revenue tariff synonyms revenue tariff pronunciation revenue tariff translation english dictionary definition of revenue tariff. Glossary of economics terms and concepts. Tariffs which are taxes or duties on imported goods designed to raise the price to the level of or above the existing domestic price and non tariff barriers which include all other barriers such as. Revenue tariff a tariff high enough to generate revenue for the governmnent without actually prohibiting imports.

The purpose is to help domestic suppliers compete more effectively in the home market. Used to push up the price of imported products as a protective measure against foreign competition i e.