revenue argument for a tariff

Definition

Economics

• The use of a tariff to raise revenue for the government. Many other kinds of tax cause smaller distortions and are therefore preferable to tariffs for this purpose. However, a tariff is one of the easier taxes to collect, and it is therefore common in the early stages of a country's development.

Nearby Definitions of “revenue argument for a tariff”

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Contexts for “revenue argument for a tariff”

1 definition in context
• Economics