Affect of corn law ?
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affects of corn law..
(i) The scrapping of Corn Laws lead to free trade of food grains.
(ii) After the abolition of Corn Laws, food could be imported into Britain more cheaply than it could be produced within the country.
(iii) British farmers were unable to compete with imports. Vast areas of land were now left uncultivated, and thousands of men and women were thrown out of work. They flocked to the cities or migrated overseas
(iv) Increase in demand due to fall in prices and increase in income leads to mismatch between demand and supply of food grains.
(i) The scrapping of Corn Laws lead to free trade of food grains.
(ii) After the abolition of Corn Laws, food could be imported into Britain more cheaply than it could be produced within the country.
(iii) British farmers were unable to compete with imports. Vast areas of land were now left uncultivated, and thousands of men and women were thrown out of work. They flocked to the cities or migrated overseas
(iv) Increase in demand due to fall in prices and increase in income leads to mismatch between demand and supply of food grains.
Afia18:
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hey friend
The Corn Laws were tariffs and other trade restrictions on imported food and grain ("corn") enforced in Great Britain between 1815 and 1846. They were designed to keep grain prices high to favour domestic producers, and represented British mercantilism, since they were the only mercantilist laws of the country.
by Raunac yadav
The Corn Laws were tariffs and other trade restrictions on imported food and grain ("corn") enforced in Great Britain between 1815 and 1846. They were designed to keep grain prices high to favour domestic producers, and represented British mercantilism, since they were the only mercantilist laws of the country.
by Raunac yadav
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