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Tariff
A tax imposed by a government on goods and services imported from other countries.
Excise Tax
An indirect tax charged on the sale of a particular good or service, typically specific items such as alcohol, tobacco, and gasoline.
Revenue Tariff
A type of tariff that is primarily levied by a government with the objective of generating income rather than protecting domestic industries.
Competitive Disadvantage
A condition where a company or country is not able to compete effectively with others due to inferior resources, skills, or capabilities.
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