Friday, March 17, 2017

222. Trade Barriers

Trade barriers are extremely detremental to the economic health of a country. When at war countries normally embargo exports to the enemy in order to hurt and damage the other country. Why then in peacetime would a country want to limit imports and in so doing damage their own countries? One reason (maybe the only reason) would be to generate revenue for the fiscus. To obtain a fuller understanding of the type of measures governments use to control trade can be found here:

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