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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 […]

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 […]

Essay on SAARC | Trade Organisations | International Economics

Here is an essay on ‘SAARC’ for class 9, 10, 11 and 12. Find paragraphs, long and short essays on ‘SAARC’ especially written for school and college students. Essay on SAARC Essay Contents: Essay on the Introduction to SAARC Essay on the Objectives and Principles of SAARC Essay on the Organisation of SAARC Essay on […]

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