NECO COMMERCE THEORY (2a) tarriffs are taxes or duties imposed on imports and export by the government of a country. the idea behind tariffs is to restrict the volume of trade or improve the international terms (2b) -tariffs are imposed to protect infant in dustries from under competition with foreign firms -tariffs are imposed to prevent dumping of goods from foreign countries and it is used to prevent foreign goods from being sold at prices lower than home price. -tariffs are also imposed to gen erate revenue for the country. many countries derive their revenue from import and export duties -tariffs are imposed to encourage the establishment of local industries or enhance the expansion and growth of existing one so as to provide job opportunities -tariffs are imposed so as to prevent dangerous or harmful goods from other countries and it is done by placing high tarrifs on imported goods More Loading...
Posted on: Wed, 26 Jun 2013 11:00:59 +0000
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