There are seven Tariff systems Of the seven tariff systems which is more suitable for implementation.Give reasons
Answer (1)
17th May, 2021
Hello candidate,
Out of the seven tariff systems available, the levy tariffs the most useful and most suitable for implementation on a General basis as it can help the economy with tariffs on imported goods in industries in which it wants to foster growth.
Moreover, it also increases the prices of imported goods and creates a domestic market for domestically produced goods while protecting those industries from being forced out by more competitive pricing.
Hope it was informational!
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