Economy

Economy

Pertaining to the system or range of economic activity in a country, region, or community.

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Economy > International trade

use tax

Economy; International trade

When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax.

value added tax

Economy; International trade

A value added tax (VAT) is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on the value ...

per unit tax

Economy; International trade

A per unit tax, or specific tax, is a tax that is defined as a fixed amount for each unit of a good or service sold, such as cents per kilogram.

World Trade Organization

Economy; International trade

The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially replaced the General Agreement on ...

countervailing duties

Economy; International trade

Countervailing duties (CVDs), also known as anti-subsidy duties, are trade import duties imposed under World Trade Organization Rules to neutralize the negative effects of ...

duty (economics)

Economy; International trade

In economics, a duty is a kind of tax, often associated with customs, a payment due to the revenue of a state, levied by force of law. The term is often used to describe a tax on ...