Write a note on Quotas.
Introduction: Quotas in economics refers to limits set by a government on the quantity or value of a particular good that can be imported or exported during a specified period. These restrictions are used to
What is Tariff? Explain its types.
Meaning: Tariffs are taxes or duties imposed by a government on imported goods and services. They are used as a tool to control trade between countries, protect domestic industries, and generate revenue for the government.
What is terms of trade? Explain its concepts.
Meaning: The rate at which a given quantity of a country’s export goods are exchanged for a given quantity of import goods is called the terms of trade. In other words, the terms of trade
Explain the Heckcher-Ohlin theory of International Trade?
Introduction: Bertin – Ohlin, in his famous book inter regional and international trade 1933 criticize the classical theory of international Trade and formulated General Equilibrium Theory called Modern Theory of International Trade or Heckcher- Ohlin
Briefly explain the Comparative Cost theory of International trade.
Introduction: David Ricardo a British economist of 19th century analyzed the causes for and the benefit of international trade in terms of comparative cost. David Ricardo agreed with the analyses of Adam Smith that international
Explain the Features of international Trade.
Introduction: International trade is trade between different countries of the world. It refers to the exchange of goods and services between one country or region and another. It is also sometimes known as external or
Explain the disadvantages of International trade.
Introduction: International trade is trade between different countries of the world. It refers to the exchange of goods and services between one country or region and another. It is also sometimes known as external or
Explain briefly the Advantages of International Trade.
Meaning: International trade is trade among different countries or trade across political frontiers. It refers to the exchange of goods and services between one country or region and another. It is also sometimes known as
Explain the importance of International Trade?
Meaning of International Trade: International trade is important because it is trade among different countries. It refers to the exchange of goods and services between one country to another. It is also sometimes known as
What do you mean by Price Discrimination? Explain its Degrees of Discrimination.
Introduction: Generally speaking the monopolist will not change uniform price for all the customers in the market. He will follow different Degrees of Price discrimination under different circumstances. The policy of price discrimination refers to