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State and explain the disadvantages of international trade.

      

State and explain the disadvantages of international trade.

  

Answers


sharon
a.) Collapse of local industries
May cause collapse of local industries as people tend to buy imported goods.
b.) Harmful and unwanted products
Can result into unwanted and harmful products such as hard drugs entering into the country.
c.) Over dependency
Results into over dependency on imported commodities especially the essential ones could lead to a country becoming a slave of the other and this could compromise its sovereignty.
d.) Problems of supply
A country that relies on imported products may face problems of supply during times of emergency.
e.) Imported inflation
May lead to a country experiencing imported inflation
f.) Negative effects of interaction
Through interaction, people of a given country may end up acquiring bad cultural values from their trading partners
sharon kalunda answered the question on February 19, 2019 at 09:44


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