what would happen if the government of India puts heavy tax on import of Chinese toys? Explain any 3 points
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- Indian small-scale manufacturers of toys would prosper as they would have protection against the import of cheap mass-produced toys from China.
- As Indian manufacturers expand their business, more employment opportunities would be created. This will boost the economy.
- Chinese manufacturers will be hard hit by the import duties and they will have to look for suitable market elsewhere. Their wealth will decline as the market in India will have collapsed.
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