Economy, asked by gunu123, 1 year ago

developed countries have an unfair return trade barriers explain​

Answers

Answered by Amankumar2newton
2

Answer:

International Trade. Free trade refers to the elimination of barriers to international trade. The most commonbarriers to trade are tariffs, quotas, and nontariffbarriers.

Tariffs raise the price of imported goods relative to domestic goods (good produced at home). Another common barrier to trade is a government subsidy to a particular domestic industry. Subsidies make those goods cheaper to produce than in foreign markets. This results in a lower domestic price.

Similar questions