Revenue Tariff Definition Government

A tax on imported goods that has the purpose of making money for the country that imports them.

Revenue tariff definition government. Revenue tariff refers to a set of rates formulated for increasing public revenue. Revenue tariff synonyms revenue tariff pronunciation revenue tariff translation english dictionary definition of revenue tariff. The mango tariff is purely to raise revenue for the government. Areas b and d are deadweight losses surplus formerly captured by consumers that now is lost to all parties.

A tariff imposed chiefly to generate public revenue. Revenue tariffs synonyms revenue tariffs pronunciation revenue tariffs translation english dictionary definition of revenue tariffs. Revenue tariff is any schedule or system of rates or changes that are intended to produce revenue for the government. What does revenue tariff mean.

This tax is imposed mainly to raise government income rather than to protect domestic producers. They signed a treaty to lower duties on trade between their countries. It can also be said as a tax levied on import and export to raise money for the government. He has special contempt for those free traders who would argue for the substitution of a protective tariff with a revenue tariff.

A tariff imposed principally to raise government revenue rather than to protect domestic industries. Information and translations of revenue tariff in the most comprehensive dictionary definitions resource on the web. For example if canada sweden or finland imposes tariffs on imported mangoes the purpose is not to protect domestic mango farmers there aren t any. Tariff duty a government tax on imports or exports.

Revenue tariff definition in english dictionary revenue tariff meaning synonyms see also revenue cutter inland revenue internal revenue revenued. Government tax revenue is the import quantity c2 q2 times the tariff price pw pt shown as area c.