Question

In: Economics

Does trade benefit everybody? If not, who are the winners and losers, and how does government...

Does trade benefit everybody? If not, who are the winners and losers, and how does government policy address the situation?

Expert Solution

No, trade do not benefit everyone. . There are various factors on which it depends who are winneres and losers of the trade.

The factors affecting trade are as follows:-

a. Access to market.

b. Climate.

3. Raw materials.

4. Economic Condition

5. Political Condition.

6. Income of the consumer.

7. Social Gathering of an area.

8. Government Policies.

The winners of trade are those who properly utilizes all the factors of production and trade to deal with its consumer and Knows how to balance the team and management kf the company or enterprise. And situation of losers are vice versa.

-Government Policy plays a very important role in addressing or while dealing with trade.

1. Determine the trade flow of export and import.

2. Helps to expand business in international market.

3. Helps financially with lower interest rate.

4. Open before us the Globalization.

In situation of losses the Government sometimes redeem the taxes. For example Now a days in India startups are highly encouraged so the Government policies had helped a lot like Increased Investment help by Government , No interest rate for certain time etc.

Rahul Sunny answered 2 years ago

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