Question

what is trade barriers​

Answer 1

Answer:

Trade barriers are government-induced restrictions on international trade. Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency; this can be explained by the theory of comparative advantage.

Answer 2

Trade barriers are restrictions imposed by the Government on trade. Governments impose trade barriers because:-

• To protect the workers and industries of their own country.
• To regulate foreign trade, and to decide what kind of goods and how much should enter the country.
• To prevent excessive foreign competition.

Trade barriers are imposed in the form of Tax and Quota. Example: Indian Government in the 1950s and 1960s imposed trade barriers solely for the development of their own industries.