markitect-main/examples/infospace-with-history/output/entities/tonnage-bounty.md

Tonnage Bounty

Definition

A subsidy paid to shipping operations based on the burden or carrying capacity of vessels, rather than on actual productivity or success in the fishing enterprise.

Source Chapter

Book IV, Chapter 5

Context

Smith criticizes tonnage bounties for encouraging inefficient use of capital, as ship owners may focus on qualifying for subsidies rather than on actual productive fishing activities.

Economic Domain

Regulation

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