Business Studies, asked by natmac13, 9 months ago

Briefly discuss the advantages and disadvantages of trade barriers. Are you in favor or against trade barriers? Explain your position.

Answers

Answered by suhanitripathi61

Answer:

Advantages to trade protectionism include the possibility of a better balance of trade and the protection of emerging domestic industries. Disadvantages include a lack of economic efficiency and lack of choice for consumers. Countries also have to worry about retaliation from other countries.

Hope it helps. Jai Shri Krishna

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