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What is the most harmful form of trade restriction? What about the least harmful? Explain why in each case? When might each type be used?

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The solution discusses the most harmful form of trade restriction and the least harmful.

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The most harmful form of trade restriction is complete restriction of import of certain products or prohibition on import of certain products, primarily to protect domestic industries or government monopolies. This is used when government fear that opening up imports will erode competitiveness of government monopolies or local ...

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Sheetal Jain, PGDM
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  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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