Case for Free Trade
Free trade or trade liberalization refers to the process of opening up economies to encourage more trade. This is achieved by reducing or eliminating trade barriers such as tariffs. However, trade liberalization can also lead to increased competition and the practice of dumping.
Dumping occurs when a commodity is sold in two countries at different prices for reasons unrelated to production costs. It’s important for countries to be vigilant about dumped goods to prevent unfair trade practices.
Chapter 8 International Trade| Class 12 Geography Notes
Class 12 Geography Notes: International Trade is an important topic in CBSE Class 12 Geography. These notes are created by subject experts to help students understand the topic easily. These notes cover important concepts like the significance of international trade, different types of trade, and concerns related to it.
With these notes, students can prepare well for their exams and improve their understanding of the subject.