what is the trade barrier ?how does indian government use trade barriers to control foreign trade
Answers
Answer:
Trade barriers are government-induced restrictions on international trade. Barriers take the form of tariffs (which impose a financial burden on imports) and non-tariff barriers to trade(which uses other overt and covert means to restrict imports and occasionally exports).
Explanation:
Hope it helps u ♥️
Answer:
Trade barriers are government-induced restrictions on international trade. Barriers take the form of tariffs (which impose a financial burden on imports) and non-tariff barriers to trade (which uses other overt and covert means to restrict imports and occasionally exports).
Explanation:
Generally, governments impose barriers to protect domestic industry or to “punish” a trading partner. Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency.
hope it helps you better to understand
Thanks