EduPlanetBD
Thursday, September 22, 2016
Tariff, Quota & Embargo
·
A
tariff
is a tax on imported products or services
·
A
quota
is a limit on the amount of goods that can be imported. It reduces the normal pace of flow of goods
An
embargo
stops exports or imports
of a product or group of products. Sometimes all trade with a country is stopped, usually for political reasons.
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