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Question
Write a term for the description given below.
Government’s decision to restrict the international trade to protect and promote domestic business.
One Word/Term Answer
Solution
Protectionism
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International Trade
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RELATED QUESTIONS
Define International Trade.
Mention three ways in which International Trade can reduce global inequalities and thereby help the developing nations.
Assertion (A): MNC's made better infrastructure, brought employment and reduced the gap between the developed and developing nations.
Reason: MNCs exploited the resources and acquired land, thus destroying the ecology.
Write the expanded form of the following.
TRIPS
