tax on imports is one type of trade barrier . the government could also place a limit on the number of goods that can be imported . this is known as quotas . can you explain using the example of Chinese toys, how quotas can be used as trade barriers ? to you think this should be used? discuss.
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as we know earliers when indian industries were growing there was a trade barrier being put up to enhance the growth of indian goods and shops.
therefore from following example we can say that that trade barrier is a necessary thing for the growth of industries
in case of chinese toys,since they have variety of designs and are available in cheap prices than the indian toys people are attracted towards it. putting taxes on the toys helps the indian economy to get profitised and acts like a trade barrier fro which indian merchants can grow well
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