How Do You Spell REVENUE TARIFF?

Pronunciation: [ɹˈɛvənjˌuː tˈaɹɪf] (IPA)

The spelling of the word "revenue tariff" is as follows: [ˈrɛvəˌnju ˈtærəf]. The first syllable is pronounced with a short "e" sound, followed by a schwa sound. The second syllable contains a stress on the "u" sound, with the "e" pronounced quietly. "Tariff" is pronounced with the stress on the first syllable, and the second syllable containing a short "i" sound. "Revenue" ends with a schwa sound following the "n". This type of tariff is a tax placed on imported goods, with the aim of generating revenue for the government.

REVENUE TARIFF Meaning and Definition

1. A revenue tariff refers to a type of tax that is imposed by a government on goods or services that are being imported into a country. The main objective of a revenue tariff is to generate income or revenue for the government rather than protecting domestic industries from foreign competition. This form of tax is typically levied as a specific percentage of the value of the imported goods or services.

   The primary purpose of a revenue tariff is to generate funds for the government's expenditure on public services and infrastructure development. By imposing this tax on imported goods, the government aims to collect revenue from activities related to international trade. Revenue tariffs can help governments maintain a steady flow of income, contributing to the overall economic stability of the country.

   Unlike protective tariffs, which are designed to restrict imports and promote domestic industries, revenue tariffs do not seek to shield local producers from foreign competition. Instead, they focus on generating income for the government. However, it is important to note that revenue tariffs can have indirect protective effects on domestic industries by making imported goods more expensive and less competitive in the local market.

   Overall, revenue tariffs play a significant role in raising government revenue, but their impact on trade dynamics and domestic industries may vary depending on the specific economic context and objectives of the country.

Common Misspellings for REVENUE TARIFF

• eevenue tariff
• devenue tariff
• fevenue tariff
• tevenue tariff
• 5evenue tariff
• 4evenue tariff
• rwvenue tariff
• rsvenue tariff
• rdvenue tariff
• rrvenue tariff
• r4venue tariff
• r3venue tariff
• recenue tariff
• rebenue tariff
• regenue tariff
• refenue tariff
• revwnue tariff
• revsnue tariff
• revdnue tariff

Etymology of REVENUE TARIFF

The etymology of the word "revenue tariff" can be broken down as follows:

1. Revenue: The word "revenue" originates from the Latin word "revenire", which means "to return" or "to come back". In medieval Latin, "revenus" came to represent "income", referring to the money that returns or comes back to a government or an organization.

2. Tariff: The word "tariff" has a more complex etymology. It can be traced back to the Arabic word "ta'rīf", meaning "notification" or "information". This term was borrowed into medieval Italian as "tariffa", which specifically referred to a list or table of charges or fees. Over time, "tariffa" entered various European languages with similar meanings, referring to a system of fees or duties imposed on imported or exported goods.