Social Sciences, asked by VaibhavMittal, 1 year ago

what is trade barrier why it is called barrier

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Answered by preranasharma2003
3

The most common barrier to trade is a tariff—a tax on imports. Tariffs raise the price of imported goods relative to domestic goods (goods produced at home). ... Barriers to trade are often called “protection” because their stated purpose is to shield or advance particular industries or segments of an economy.

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