Question

Talk on 4 reasons governments intervene in free trade, historically

Answer 1

1. National Security - The most important reason is every country has some security measure through it is very important for a country to trade with other countries.

2. Utilisation of resources - Every country has some surplus resources which can be utilised by trading with international level after fulfillment of international level demand surplus can be utilised.

3. Economic Growth - Trading with other countries lead to growth of economy very most important thing is foreign exchange lead to move economic growth into new direction.

4. Improvement of living standards - By trading with other countries a country can improve their life standard and also their will be awareness of new technology.