Question

What are the limitations of international business?

Answer 1

1. Economic Dependence: International trade is more likely to make the country too much dependent on imports from foreign countries.
2. Inhibition of Growth of Home Industries: International business may discourage the growth of indigenous industry.
3. Import of Harmful Goods: International business may lead to import of luxurious goods, spurious goods, dangerous goods, etc. It may harm the well–being of people.