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Home Commercial Policy What is Commercial Policy


What is Commercial Policy?


Definition and Explanation:


In the words of Haberler:


"By commercial policy or trade policy is meant all measures regulating the external economic relations of a country, that is measures taken by a territorial government which has the power of assisting or hindering the exports or imports of goods and services".


In modern times, the commercial policy of every country is generally based on the encouragement of exports and discouragement of imports. The exports are encouraged by giving preferential freight rates on exports, consular establishments subsidized merchant marines etc., etc. The imports are hindered by erecting the tariff wails, exchange controls, quota system, buy at home campaign etc.

Relevant Articles:

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

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Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
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History of Money

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