Ontology

Overview / Open Energy Ontology / Class - levy

Label: levy

Definition:

A levy is an economic instrument that consists of a compulsory financial charge imposed on an agent or institution by a governmental organisation.

Sub classes:

Definition:

A tax is a levy whose returns are used by the government to finance expenditures for the common welfare.

Back to the super classes:

economic instrument

Definition:

An economic instrument is a policy instrument that creates monetary (price) incentives to stimulate transformative measures.