What do you understand by restricting trade? - ProProfs Discuss
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What do you understand by restricting trade?

What do you understand by restricting trade?<br/>

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Asked by Wyatt Williams, Last updated: Nov 25, 2024

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3 Answers

H. Martin

H. Martin

H. Martin
H. Martin, Content Writer, Charlotte

Answered Feb 01, 2019

Trade restriction can sometimes be necessary to make the economy grow. Some people become too accustomed to the items that are from different countries that they forget to love their own products. They become too excited about the products from other countries that those that are available in their own country are already disregarded.

Trade will always help countries develop better relations. There are also a lot of other benefits that can be achieved with proper trading but it is not unusual to restrict trade from time to time to help local businesses grow.

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John Adney

John Adney

John Adney
John Adney

Answered Dec 01, 2016

How restricted trade will lead to economic growth
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John Smith

John Smith

John Smith
John Smith

Answered Nov 29, 2016

Trade restrictions are necessary for economic growth
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