Tag Archives | Trade

Essay on Free Trade | International Economics

Here is an essay on ‘Free Trade’ for class 9, 10, 11 and 12. Find paragraphs, long and short essays on ‘Free Trade’ especially written for school and college students. Essay # 1. Meaning of Free Trade: The policy of free trade is one which does not impose any tariff or non-tariff restrictions upon free exchange of goods and services [...]

By |2018-03-15T11:34:42+05:30March 15, 2018|Free Trade|Comments Off on Essay on Free Trade | International Economics

Arguments for Protection: Economic and Non-Economic | Economics

Several arguments are advanced to justify a policy of protection. Haberler has classified these arguments into two groups: 1. Economic Arguments 2. Non-Economic Arguments. These arguments are analysed below: 1. Economic Arguments: The principal economic arguments in support of a protectionist commercial policy are as follows: (i) Infant Industry Argument: The most effective, accepted and sustained argument in support of [...]

By |2018-03-15T11:34:42+05:30March 15, 2018|Free Trade|Comments Off on Arguments for Protection: Economic and Non-Economic | Economics

Factors Affecting the Terms of Trade: 10 Factors | Economics

The terms of trade among the trading countries are affected by several factors. Some prominent factors out of them are discussed below: Factor # 1. Reciprocal Demand: The reciprocal demand signifies the intensity of demand for the product of one country by the other. If the demand for cloth, exportable commodity of country A, is more intense (or inelastic) in [...]

By |2018-03-15T11:34:42+05:30March 15, 2018|Terms of Trade|Comments Off on Factors Affecting the Terms of Trade: 10 Factors | Economics
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