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प्रश्न
State any two advantages and any one disadvantage of Free Trade.
संक्षेप में उत्तर
उत्तर
Free trade occurs when there are no artificial barriers put in place by governments to restrict the flow of goods and services between trading nations.
Advantages:
- Increased production
- Production efficiencies
- Benefits to consumer
- Employment
- Economic growth
Disadvantages:
- With removal of trade barriers, structural unemployment may occur.
- Increased domestic economic instability from international trade cycles.
- Competition is high, new industries may find it difficult.
- Free trade may lead to pollution.
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Notes
Students should refer to the answer according to their questions.
Trans-national Characteristics of Environmental Issues Using Case Study of Amazonia, Trade in Wild Life and Ozone Depletion
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