STEM, then, is a specific program designed for a specific purposeâto integrate and apply knowledge of math and science in order to create technologies and solutions for real-world problems, using an engineering design approach. Itâs no surprise that STEM programs need to maintain an intense focus.
Excise definition, an internal tax or duty on certain commodities, as liquor or tobacco, levied on their manufacture, sale, or consumption within the country. See more. Dictionary.com
Excises are inland taxes, whereas customs duties are border taxes. An excise is considered an indirect tax, meaning that the producer or seller who pays the tax to the government is expected to try to recover or shift the tax by raising the price paid by the buyer.