Excise Clearance for Exports

manufacturing there is what is called, cross contamination. This means that one type of food is

Now there is machines that do most of the work for us. There are big factories that mill the wheat into

The means of production refers to the facilities such as factories, and shops in which are privately owned to produce capital.

An important part of managing the economic status of a nation is to manage the methods in which goods and services are imported and exported into and out of the country. Because of differing resources, labor costs, and government support of industry, fiscal policy sometimes includes placing a tariff on imported goods in an attempt to level the economic playing field.

produce more because it takes less time to produce. Available resources and the process of change can also

Life Cycles of Products The definition of a product is "anything that is capable of satisfying

Modern day production is much more efficient and productive then it was 100 or so years ago, ever since factories started using the automated production line. The entire

As a result, of rising opportunity costs, domestic production may stop short of complete specialization. However, if a large group of people and nations are benefiting from specialization and in international exchange, the government has the power to restrict the free flow of imports or encourage exports. Government can interfere with free trade by protective tariffs, import quotas, nontariff barriers, and export subsidies. Protective tariffs are tariffs that are enacted with the aim of protecting a domestic industry. Import tariffs limits on the quantities or total value of specific items that may be imported. Nontariff barriers is a form of restrictive trade where barriers to trade are set up and take a form other than a tariff. While export subsidies is a government policy to encourage export of goods and discourage sale of goods on the domestic market through direct payments, low-cost loans, tax relief for exporters, or government-financed international advertising. In executing barriers against imports, the nations whose exports suffer may retaliate with trade barriers of their own, creating a trade

The actual production process has for a far greater impact. Food produced at a higher and faster rate industrially has a significantly smaller impact, compared to traditional production techniques supported by locavores.

labor that goes into producing the food even though there is more of it now. Now that I think

Production: This is the processes of changing raw materials into finished goods to be sold to the customers (Dougsguides, n.d.).

excise taxes1. There has been recent interest in increasing the “sin tax” for products such as

In a publication by University of Southern Queensland (2008), it defines that ‘excise taxes are taxes imposed on sellers of certain goods and services, and they are usually substantially higher tan sales tax on regular goods’. Moreover, ‘tax incidence is the share of a tax ultimately paid by consumers or by buyers’ (Layton, Robinson & Tucker 2005). It depends on both elasticities of demand and

Mass Production and Division of labor is a manufacturing system based upon principles such as interchangeable parts, large-scale productions, and the high volume assembly line. In the early 1800s, a man named Josiah Wedgwood started his own pottery business using mass production, they made pottery for Europeans who liked to always keep their tea from porcelain because without the pottery cups the flavor would spoil. He hired many labors to press down the clay, glaze pieces, carry things, while others put handles on cups. Mass Production adapted to make workers more productive using less required skills, while being paid less being able to lower costs of products while boosting quality. Mass Production and Division became the most important structure for manufacturing across the globe, utilizing extreme impact on popular culture.

| This criterion is not fit for mass production. Nowadays labor intensive production is used for the elite market.