Examlex
Study the picture of Mohandas Gandhi on page 886.In what ways did his life represent the potential and limitation of nation building in the modern age? Now look at the picture of Gandhi and Jawaharlal Nehru on page 889.In what ways did the two men differ in their vision of an independent India?
Factor Endowments
The quantity and quality of labor, land, and capital that a country possesses and can utilize for manufacturing.
Free Trade
A policy wherein a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports).
Tariffs
Government levies on goods brought into the country.
Import Quotas
Import Quotas are government-imposed limits on the quantity or value of goods that can be imported into a country, typically used to protect domestic industries and control trade balances.
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