abhishreshthaa

New member
BENEFITS/ ADVANTAGES OF TARIFFS.


1. Imports From Abroad Are Discouraged, restricted or even eliminated to a considerable extent.


2. Protection Is Given To Home Industries and manufacturing activities. This facilitates increase in the domestic production.


3. Consumption Of Foreign Good Reduces to a considerable extent and the attraction for imported goods is brought down considerably.


4. Tariffs Give Substantial Revenue To The Government. In addition, it also creates employment opportunities as there is encouragement to domestic production.


5. Tariffs Remove Or At Least Reduce The Deficit in the balance of trade and balance of payments.


6. Tariffs Encourage Research And Development Activities within the country. They create favourable atmosphere for industrial development and generation of employment opportunities.


7. Tariffs may be used to influence the political and economic policies of other countries. A country, for example, may raise its tariffs to protect against tariffs raised by other countries.


8. Tariffs avoid competition from foreign manufacturers and this may lead to monopolistic tendencies among domestic industries.


9. Tariffs create favourable impact on the economy of the country imposing them in a number of ways. Some people believe that tariffs enable a nation to improve its economy.


On the other hand, most economists believe that tariffs lower the standard of living throughout the world by reducing trade.
 

bhautik.kawa

New member
BENEFITS/ ADVANTAGES OF TARIFFS.


1. Imports From Abroad Are Discouraged, restricted or even eliminated to a considerable extent.


2. Protection Is Given To Home Industries and manufacturing activities. This facilitates increase in the domestic production.


3. Consumption Of Foreign Good Reduces to a considerable extent and the attraction for imported goods is brought down considerably.


4. Tariffs Give Substantial Revenue To The Government. In addition, it also creates employment opportunities as there is encouragement to domestic production.


5. Tariffs Remove Or At Least Reduce The Deficit in the balance of trade and balance of payments.


6. Tariffs Encourage Research And Development Activities within the country. They create favourable atmosphere for industrial development and generation of employment opportunities.


7. Tariffs may be used to influence the political and economic policies of other countries. A country, for example, may raise its tariffs to protect against tariffs raised by other countries.


8. Tariffs avoid competition from foreign manufacturers and this may lead to monopolistic tendencies among domestic industries.


9. Tariffs create favourable impact on the economy of the country imposing them in a number of ways. Some people believe that tariffs enable a nation to improve its economy.


On the other hand, most economists believe that tariffs lower the standard of living throughout the world by reducing trade.

Hello Buddy,

I also got some information on the Impact of Tariff and Non-Tariff Barriers and would like to share it with you and other student's. So please download and check it.
 

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