What is the meaning of trade …

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What is the meaning of trade barriers

Posted by Sanjay Bajaj 5 years, 11 months ago

CBSE > Class 10 > Social Science

4 answers

Shivam Chaudhary 5 years, 11 months ago

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.

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Yogita Ingle 5 years, 11 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. Tariffs raise the price of imported goods relative to domestic goods.

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?Raj ? 5 years, 11 months ago

Trade barrier means increasement of tax on trade products

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Kartiek Singh 5 years, 11 months ago

Tax on trade is usually called trade barrier.

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CBSE > Class 10 > Social Science