27 lines
699 B
Markdown
27 lines
699 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-5-chapter-02 -->
|
|
|
|
# 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
|
|
|
|
---
|