Why are tariffs levied?
आप अर्थशास्त्र का अध्ययन क्यों करना चाहते है? कारण बताइये
Why do you want to study Economics? Give reasons
Answers
Answered by
1
Answer:
Tariffs are used to restrict imports. Simply put, they increase the price of goods and services purchased from another country, making them less attractive to domestic consumers. An ad-valorem tariff is levied based on the item's value, such as 10% of the value of the vehicle.
Economics teaches you how to make well-informed decisions. It majorly comprises of choice-making; what should the government do to cut budget deficit, and stuff like that. It can help you with making decisions after growing up, relating to work and business.
Similar questions