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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
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
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Rent
Wages
Interest
Profits
Principles and Theories of Macro Economics
National Income and Its Measurement
Principles of Public Finance
Public Revenue and Taxation
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Fiscal Policy
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Determination of National Income
Theories of Employment
Theory of International Trade
Balance of Payments
Commercial Policy
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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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