ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An embargo (from the Spanish embargo, meaning hindrance, obstruction, etc. in a general sense, a trading ban in trade terminology and literally “distraint” in juridic parlance) is the partial or complete prohibition of commerce and trade with a particular country/state or a group of countries.

Detailed explanation-2: -Breaking an embargo is typically considered a serious breach of trust and can result in the source barring the offending news outlet from receiving advance information for a long period of time.

Detailed explanation-3: -A blockade is the act of actively preventing a country or region from receiving or sending out food, supplies, weapons, or communications, and sometimes people, by military force. A blockade differs from an embargo or sanction, which are legal barriers to trade rather than physical barriers.

Detailed explanation-4: -Examples from Collins dictionaries The United Nations imposed an arms embargo against the country. That country experienced comprehensive embargoes on trade and finance. The fruit was embargoed. They embargoed oil shipments to the U.S.