About Lesson
Particular |
Domestic trade |
Foreign trade |
Factors of production |
Immobile |
Mobile |
Currencies |
No difficulty |
The possibility to variations in exchange rates between different currencies increase risk |
Restriction on trade |
Relatively less |
Imposed by – Custom duties – Fixed quota – Tariff barriers – Exchange restrictions |
Ignorance |
Less ignorance |
Difference in culture, religion,language etc |
Separate markets |
Nepal uses right hand drive cars |
USA uses left hand drive cars |
Transport and insurance costs |
Less |
Obstruct international trade |