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Trade barriers

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What are the trade barriers and what would be the consequences for consumers and domestic companies?

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Solution Summary

Trade barriers are defined.The consequences of this are given.

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Trade barriers

Trade barriers are measures to regulate cross border transactions for example quota, duty etc. These are the ways to promote or restrict the import or export from one country to other country or countries. Let us understand one by one. Quota is a restriction by one country on the other countries of imports. This restriction is in nature of quantity. For eg if Usa imposes restriction on India on the imports from Indian television of ...

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