1. Noun
The act of demanding with authority, and compelling to pay or yield; compulsion to give or furnish; a levying by force; a driving to compliance; as, the exaction to tribute or of obedience; hence, extortion.
2. Noun
That which is exacted; a severe tribute; a fee, reward, or contribution, demanded or levied with severity or injustice.
3. Noun
act of demanding or levying by force or authority; "exaction of tribute"; "exaction of various dues and fees"
Vocabulary classified under Economics
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