ENTREPRENEURSHIP

Detailed explanation-1: -The most common barrier to trade is a tariff–a tax on imports. Tariffs raise the price of imported goods relative to domestic goods (good produced at home). Another common barrier to trade is a government subsidy to a particular domestic industry. Subsidies make those goods cheaper to produce than in foreign markets.

Detailed explanation-2: -Then three alternative types of exporting are compared: direct exporting, indirect exporting with intermediaries, and piggyback exporting.

Detailed explanation-3: -The financial side of the exporting process is one of the largest difficulties that you might expect when exporting anywhere. The most obvious aspect is the different fiscal systems that each country has, which can severely impact the total cost of exporting goods such as electrical devices.

Detailed explanation-4: -The main types of trade barriers used by countries seeking a protectionist policy or as a form of retaliatory trade barriers are subsidies, standardization, tariffs, quotas, and licenses.