ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An embargo is a trade restriction, typically adopted by a government, a group of countries or an international organization as an economic sanction. Embargoes can bar all trade, or may apply only to some of it, for example to arms imports.

Detailed explanation-2: -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-3: -1 : an order of a government prohibiting the departure of commercial ships from its ports. 2 : a legal prohibition on commerce. 3 : stoppage, impediment; especially : prohibition.

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.