Advertisements
Advertisements
Questions
What is meant by trade barrier?
Explain the meaning of the following:
Trade barrier
Advertisements
Solution
A trade barrier means a restriction on foreign trade and investment set by the government to protect its domestic industries from foreign competition. Tax on imports, quota restrictions, licensing, etc., are examples of trade barriers.
Notes
Students should refer to the answer according to their question and preferred marks.
APPEARS IN
RELATED QUESTIONS
“Foreign trade integrates the markets in different countries”. Support the statement with arguments
"Advancement of international trade of a country is an index to its prosperity." Support the statement with suitable examples
Why did the Indian Government put barriers to foreign trade and foreign investments after independence? Analyse the reasons.
What is the meaning of 'investment'?
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
How has liberalisation of trade and investment policies helped the globalisation process?
Distinguish between investment and foreign investment.
Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.
Answer the following question.
How has foreign trade been integrating markets of different countries? Explain with examples.
Analyze the contribution of foreign investment in globalization.
Integration of markets means:
Cheaper imports, inadequate investment in infrastructure lead to:
Foreign trade results in connecting the markets or integration of markets:
Foreign Trade creates an opportunity for the producers to:
"Foreign trade has been the main channel of connecting countries for a long time." Analyse the statement.
