Question

How by reducing import duty improve the position of domestic goods in the international market

Answer 1

Answer:

by reducing import duties tax on the imported good decreases and imported goods will be available at lower prices in domestic markets

as a result domestic producers have to face challenge and to overcome that challenge domestic producers make better and fine quality of goods at lower prices

and since the quality and rates of domestic goods are better they can be easily afforded in international market and position of domestic goods increase significantly.

Explanation:

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