MAIN TEXT
POLITICAL ARGUMENT FOR INTERVENTION
While trading internationally there is some norm and rules are to be followed as per the country of trade, these are regulated mainly through tax implications and quotas. These taxes are set by the government of a country to reduce or increase trade of a certain good. Though we may argue that there must be no tax implied on any international trade, but that is not possible and thus there are political interventions, which regulate trade. These political arguments for trade interventions are: -
PROTECTING JOBS AND INDUSTRIES
This argument suggests that the domestic people must be protect from the outsides cheaper imports of employers as this hamper the output of the local, causes