Duty


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Related to Duty: customs duty, Duty cycle, Duty free

Duty

A tax on imports, exports, or consumption goods.

Duty

A tax that a country imposes on its imports and, occasionally, exports. A duty exists to make an import more expensive and to thereby encourage people to buy goods produced in their own country. Proponents of their use argue that duties discourage outsourcing of jobs to other countries and make the country more self-sufficient, but most economists agree that they are economically inefficient and some contend that they may ultimately harm the people they are intended to help. A duty is also called a tariff. See also: WTO, International trade, Globalization.

duty

See tariff.
References in classic literature ?
It is the proper office of the latter, as it is his duty to amend these faults; the traveler being bound in justice to look at the good as well as the evil.
The duty of the soldier was plain: the man must be shot dead from ambush - without warning, without a moment's spiritual preparation, with never so much as an unspoken prayer, he must be sent to his account.
Duty had conquered; the spirit had said to the body: "Peace, be still.
Duty will always find me ready, Sir Patrick, to my dying day.
I believe it his duty to endeavor to restore health and sanity, if there is any hope whatever of it.
Nature, while imposing this agreeable duty on the woman, weakens her and disables her for any serious competition with man.
I hoped she would return to her duty, and then there would be no need to harrow your feelings with such - '
My duty is to report the event; and I place the event in its frame --that is all.
She was glad, of course, that she was a good woman, and that she not only knew her duty, but had sufficient strength of character to perform it.
She knew, too, that in spite of his official duties, which swallowed up almost the whole of his time, he considered it his duty to keep up with everything of note that appeared in the intellectual world.
It is my duty, therefore, to add these new links to the chain of events, and to take up the chain itself at the point where, for the present only Mr.
We have our duty to--to our fellow beings who don't want to .