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# 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

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