Ad valorem in economics and finance

272 views Jan 28, 2024

Greetings, learners! Today, we embark on a journey to comprehend the intricacies of ad valorem. Derived from Latin, ad valorem translates to 'according to value.' In the realm of economics and finance, this term holds great significance. It refers to a type of tax or duty that is calculated as a percentage of the value of the goods or services being taxed. This percentage is typically determined by the government or relevant authorities. Now that we've established the foundation, let's explore its applications further.

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