Business Studies, asked by gurteg5061, 1 year ago

Disadvantage of external trade

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Answered by suhanianand15
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Disadvantages of external trade.

(i) Impediment in the Development of Home Industries.

(ii) Economic Dependence.

(iii) Political Dependence.

(iv) Mis-utilisation of Natural Resources.

(v) Import of Harmful Goods.

(vi) Storage of goods.

(vii) Danger to International Peace.

(viii) World Wars.

(ix) Hardships in times of War




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