Economy, asked by lilly2020, 1 year ago

What term describes a ban or restriction on trade with another country?

Answers

Answered by Himanshukajaria
1
Liberalisation or Trade barrier is used.
Answered by hotelcalifornia
11

Answer:

Embargo is the term which is used to describe the ban or restriction on trade with another country.

Explanation:

Embargo is an official suspension of trade with other countries. Under this act there is a restriction of import and export of products between the countries due to specific reason. This reason can be related to public health, labor related reason or it can be related to politics. For example- United States of America has an embargo with Cuba that ban the country for communist beliefs and due to this Cuba people in America cannot get the Cuban Cigars.

Similar questions