What Are Trade Barriers? Identify the Two General Kinds of Trade

question 31

Essay

What are trade barriers? Identify the two general kinds of trade barriers used by governments,and give one example of each.

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Definitions:

Opinion Leaders

individuals who have significant influence on the attitudes, beliefs, and behaviors of others within a community or social group, often due to their expertise or position.

Product Modifications

Changes or improvements made to a product to enhance its appeal or functionality.

Brand Identities

The visible elements of a brand, such as color, design, and logo, that identify and distinguish the brand in consumers' minds.

Manufacturing Capabilities

The technical and operational abilities of a company or factory to produce goods, often measured in terms of quality, volume, and efficiency.