what is trade write in brief about the three types of trade
Answers
Answer:
TRADE : Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.
Answer:
trade involes gives or exchanging goods from one person or a country to another person or country the threee types of trade are
Tariffs:
Tariffs are taxes that are imposed by the government on imported goods or services. They are sometimes also referred to as duties. Tariffs can be implemented to raise the cost of products to consumers in order to make them as expensive or more expensive than local goods or services
non-tariffs,: Non-tariffs are barriers that restrict trade through measures other than the direct imposition of tariffs. This may include measures such as quality and content requirements for imported goods or subsidies to local producers
Quotas:Quotas are restrictions that limit the quantity or monetary value of specific goods or services that can be imported over a certain period of time. The idea behind this is to reduce the quantity of competitive products in local markets which increases the demand for local goods and services.
Explanation:
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