What's it: Non-tariff barrier is an obstacle to restricting international trade through non-tax or duty instruments. Together with tariff
Trade Restriction
Infant Industry Argument: Meaning, Reason to Protect, and Criticism
What's it: The infant industry argument is an economic rationale for the need for trade protectionism. The idea behind this argument is that the
Import Tariff: Purposes, Types, Advantages, and Disadvantages
What's it: Import tariff is a tax imposed on the price of imported goods. The government usually charges tariffs as a percentage of the price of
Trade Protection: Reasons, Types, Advantages and Disadvantages
What's it: Trade protection is a government policy to limit the flow of exports and imports of goods and services. Protection takes various
Import Quota: Types, Purposes, Methods, Pros and Cons
What's it: An import quota is an import policy by limiting the quantity of product imports over a certain period. The government implemented it
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Trade Restriction: Reasons, Types, and Impacts
What's is: Trade restriction refers to the various barriers that make the flow of goods and services between countries immobile. If the barriers