MARKETING:REAL PEOPLE,REAL CHOICES
MARKETING:REAL PEOPLE,REAL CHOICES
10th Edition
ISBN: 9780135199893
Author: Solomon
Publisher: RENT PEARS
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Chapter 2, Problem 2QA
Summary Introduction

To explain: Meaning of world trade with role of WTO and economic communities in encouraging free trade. The protectionism with the meaning of import quotas, embargoes, tariffs.

Introduction: Trade means dealing in product or services from one country to another country. Trade is carried out between the buyer and seller or producer and consumer dealing in products and services.

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World trade benefits from free and fair trade among nations. Nevertheless, governments of many countries continue to use tariffs and quotas to protect their various domestic industries. Why?
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