Concept information
Preferred term
tariffs and quotas
Definition
- Tariffs are taxes imposed on foreign-made goods (imports) coming into a country. The tax (also referred to as a duty) raises the price of the good. [Source: Encyclopedia of Business Ethics and Society; Tariffs and Quotas]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/tariffs_and_quotas
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