Question

what are trade barriers​

Answer 1

Trade barriers are restrictions imposed on trade by the Government .

↪ They help to reduce inflation in prices .

↪ Trade barriers are essential during the economic crisis periods .

↪ They also help to stabilize the economic condition .

↪ Trade barriers are least for high income countries and highly developed countries .

↪ Trade barriers are highest for the low developed countries or countries with less income .

↪ These trade barriers are various laws issued on tax , import duties , export duties , etc.

Answer 2

$\bf \red {What\:is\:trade\:barrier?}$

$\huge \mathfrak {\red {Answer}}$

Trade barriers are government policies which restrict international trade (export and import of goods and services with other countries.)

$\bf\ {\red {Types\:of\:trade\:barriers-}}$

$\bf {Trade\:Barriers-}$ These are taxes on certain imports. They raise the price of goods making imports less competitive.

$\bf {Non\:-Tariff\:Barriers-}$. These involve rules and regulations which make trade more difficult.

$\bf {Quotas-}$. A limit placed on the number of imports.

$\bf {Voluntary\:Export\:Restraint\: (VER)-}$ Similar to quotas, this is where countries agree to limit the number of imports.

$\bf {Subsidies-}$ A domestic subsidy from government can give the local firm a competitive advantage.

$\bf {Embargo-}$ A complete ban on imports from a certain country.