# Excise Duties ## Definition Taxes imposed on goods produced domestically for home consumption, typically on a few articles of general use, which are levied by government administration and provide a significant portion of public revenue. ## Source Chapter Book V, Chapter 2 ## Context Smith discusses excise duties as a major source of revenue, examining their advantages in terms of certainty and convenience of collection, while also noting their tendency to discourage certain branches of industry and encourage smuggling. ## Economic Domain General Theory ---