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Economics is a vast subject. Unlike other subjects, the topics under Economics must be studied at length. The chapter of Trade Policy contains learning about goals, their rules and regulations, there are standards related to trade relation that takes place between countries. There are policies that are highly specific to every nation.
A student is expected to know about the formulation done by the public officials. The idea of learning this topic is to ponder upon the country’s international trade. The topic includes Taxes that are imposed on export and import, Tariffs and quotas, Inspection regulations, Different types of trade policy etc.
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