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Home Commercial Policy Objectives of Modern Commercial Policy

 

Objectives of Modern Commercial Policy:

 

The main objectives of the modern commercial policy are:

 

First, to increase the quantity of trade with foreign nations.

 

Second, to preserve, the essential raw material for encouraging the development of domestic industries.

 

Third, to stimulate the export of particular products with a view to increasing their scale of production at home.

 

Fourth, to prevent the imports of particular goods for giving protection to infant industries or developing key industry or saving foreign exchange, etc., etc.

 

Fifth, to restrict imports for securing diversification of industries.

 

Sixth, to encourage the imports of capital goods for speeding up the economic development of the country.

 

Seventh, to restrict the imports of goods with a view to correct the unfavorable balance of payments.

 

Eighth, to assist or prevent the export or import of goods and services for achieving the desired rate of exchange.

 

Ninth, to enter into trade agreements with foreign nations for stabilizing the foreign trade.

Relevant Articles:

What is Commercial Policy
Objectives of Modern Commercial Policy
Instruments of Commercial Policy
Theory of Free Trade
Protectionism
Barriers to Foreign/International Trade
 

Principles and Theories of Micro Economics
Definition and Explanation of Economics
Theory of Consumer Behavior
Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
Elasticity of Supply
Equilibrium of Demand and Supply
Economic Resources
Scale of Production
Laws of Returns
Production Function
Cost Analysis
Various Revenue Concepts
Price and output Determination Under Perfect Competition
Price and Output Determination Under Monopoly
Price and Output Determination Under Monopolistic/Imperfect Competition
Theory of Factor Pricing OR Theory of Distribution
Rent
Wages
Interest
Profits
Principles and Theories of Macro Economics
National Income and Its Measurement
Principles of Public Finance
Public Revenue and Taxation
National Debt and Income Determination
Fiscal Policy
Determinants of the Level of National Income and Employment
Determination of National Income
Theories of Employment
Theory of International Trade
Balance of Payments
Commercial Policy
Development and Planning Economics
Introduction to Development Economics
Features of Developing Countries
Economic Development and Economic Growth
Theories of Under Development
Theories of Economic Growth
Agriculture and Economic Development
Monetary Economics and Public Finance

History of Money
 

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