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What are trade barriers? Why the …

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What are trade barriers? Why the are consider important ?

Posted by Eklavya Kataria 6 years, 10 months ago

CBSE > Class 10 > Social Science

1 answers

Nounidh Bugreja 6 years, 10 months ago

A barrier to trade is a government-imposed restraint on the flow of international goods or services. The most common barrier to trade is a tariff—a tax on imports. ... Subsidies make those goods cheaper to produce than in foreign markets. This results in a lower domestic price.

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