Why are tariffs imposed Economics CBSE class 11 ncert

The Eduladder is a community of students, teachers, and programmers just interested to make you pass any exams. So we solve previous year question papers for you.
See Our team
Wondering how we keep quality?
Got unsolved questions?

Ask Questions

Hey, We have just launched eduladder videos.Looking for creators and contributors Read Guideline
Economics-CBSE-class-11-NCERT-solutions-->View question

Why are tariffs imposed? -Economics CBSE class 11 ncert

Book: Indian Economic Development
Chapter 3: Liberalism, Privitisation and Globalisation: An appraisal
 (NCERT textbook questions)


Taged users:

Be first to like this question

Be first to dislike this question

Talk about thisDelete|Like|Dislike|


A tariff is a tax imposed on goods imported by a country to protect domestically produced goods from import competition. The imposition of tariffs increases the price of imported goods. This is because the custom duty levied by the government on such goods is an indirect tax, so its burden shifts to consumers in the form of higher prices. It makes foreign goods costlier than domestically produced goods. This practice protects domestic producers from foreign competition. Also, the government earns revenue in the form of foreign exchange by imposing tariffs on foreign goods. Tariffs can also be imposed on imported goods which are socially undesirable.


Be first to like this answer

Be first to dislike this answer
Talk about this|Once you have earned teacher badge you can edit this questionDelete|Like|Dislike|

Can you help us to add better answer here? Please see this

Not the answer you're looking for? Browse other questions from this Question paper or ask your own question.

Join eduladder!