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what is meant by trade barrier

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what is meant by trade barrier

Posted by Nandhitha Nandhitha 5 years ago

CBSE > Class 10 > Social Science

1 answers

Gaurav Seth 5 years ago

Barriers or restrictions that are imposed by government on free import and export activities are called trade barrier. Tax on imports is a vital trade barrier. Government can use the trade barriers in the following ways :

(a) Increase or decrease of foreign trade of the country.
(b) With the help of trade barriers government can decide what kinds of goods and how much of each, should be traded in the country.

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