Why are tariffs imposed?

Asked by Last Modified  

2 Answers

Learn Economics

Follow 1
Answer

Please enter your answer

Ujjawal

Tariffs are the tools using which the government discourages foreign Imports. It's the taxes imposed on commodities which are imported from other countries. The major reasoning of the governments behind imposing tariffs is to protect the domestic producers from the global competition along with encouraging...
read more
Tariffs are the tools using which the government discourages foreign Imports. It's the taxes imposed on commodities which are imported from other countries. The major reasoning of the governments behind imposing tariffs is to protect the domestic producers from the global competition along with encouraging domestic production. Tariffs makes foreign commodities relatively expensive in domestic market which in turn helps domestic producers to sell their products in domestic market at relatively affordable prices. read less
Comments
Dislike Bookmark

Government may impose tariffs to raise revenue or to protect domestic industries from foreign competition by making foreign produced goods more expensive, tarrifs can make domestically produced alternative more demanding.
Comments
Dislike Bookmark

Related Questions

 What is the most important function of RBI?
The most important function of RBI is that it issues currency notes and coins except one rupee note and coin.
Santosini
0 0
5
Outline the steps involved in attaining sustainable development in India.
In 2015, the United Nations general assembly adopted the 2030 agenda for sustainable development 193 countries including India got committed to the 17 sustainable development goals that require efforts...
Ankita
0 0
5
State an example each of self-employment in rural and urban areas.
Example of self employment in urban areas will be shopkeeping, own business and for rural areas is farming in own land.
Shantanu
0 0
8
 Infrastructure contributes to the economic development of a country. Do you agree? Explain.
Yes, I agree that infrastructure contributes to the Economic development of a nation. For any development to take place, infrastructure is the basic requirement. Roads, bridges ,Railway lines boost the...
Swapna
0 0
5
Name some notable economists who estimated India’s per capita income during the colonial period.
Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao, and R. C Desai.
Subhash
0 0
6

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Define the terms (a) Enumerator (b) Investigator and Respondent.
(a) Enumerator The person who collects data by conducting an enquiry or an investigation is called enumerator. Often the enumerator is a trained person for field work. (b) Investigator The person who plans...

Sujoy Das

3 0
0
Justify that energy crisis can overcome with the use of renewable sources of energy.
The energy crisis in India is the result of excessive use of non-renewable sources of energy for present consumption which has created a threat for sustainable development of the country. The conventional...

Sujoy Das

1 0
0
What is the significance of energy? Differentiate between commercial and non-commercial sources.
Energy is a critical aspect of the development process of nation. It is essential for industries. Now it is used on a large scale in agriculture and related areas like production and transportation of...

Sujoy Das

1 0
0
Class 11 Economics
QUESTION Commercial energy is mostly used for commercial purposes in factories,farms and commercial establishments’. In the context of above statement, describe three sources of energy which...

Sujoy Das

2 0
0
Write the advantages of pilot survey.
Advantages of pilot survey are (i) The questions to he asked are being tested through pilot survey. (ii) The problems which may arise during large survey are guessed and solutions are found out. (iii)...

Sujoy Das

2 0
0

Recommended Articles

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Meet Radhe Shyam Burman, an MBA Tutor from...

Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...

Read full article >

Meet Urmila, an MBBS tutor from Bangalore

Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition.  Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...

Read full article >

Find Class XII Tuition near you
Class XII Tuition in Delhi
Class XII Tuition in Bangalore
Class XII Tuition in Chennai
Class XII Tuition in Hyderabad
Class XII Tuition in Kolkata
Class XII Tuition in Mumbai
Class XII Tuition in Pune
Class XII Tuition in Lucknow
Class XII Tuition in Noida
Class XII Tuition in Gurgaon
Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you