Entity: TARIFF
A tariff is a tax imposed by a government on imported or exported goods, designed to protect domestic industries and regulate international trade.
TARIFF
Etymology
The term 'tariff' originates from the Italian word 'tariffa' and the Arabic word 'ta'rif,' both meaning a list of prices or duties.
Definition
A tariff is a tax imposed by a government on imported or exported goods to regulate trade and protect domestic industries.
Historical Context
Tariffs have been used throughout history to control trade, generate revenue, and protect domestic markets. They have played a significant role in shaping economic policies and international relations.
Cultural Significance
Tariffs can impact consumer prices, employment, and economic growth. They are often a subject of debate and negotiation in international trade agreements.
Related Concepts
Tariffs are related to trade barriers, protectionism, and free trade agreements. They are a key tool in trade policy and economic diplomacy.
See Also
A tariff is a tax imposed by a government on imported or exported goods to regulate trade and protect domestic industries.