- Created by: Hannahg08
- Created on: 19-03-15 12:48
Obstacles put up by countries to stop imports entering their domestic market.
Trading BLOC - A group of countries that share free trade agreements between each other but discouraging imports from outside countries.
BRIC'S - Brazil Russia India China South Africa
MINT - Mexico Indenisia Nigera Turkey
Domestic Markets - Buying and selling of goods and services with in the UK.
Foriegn Markets - Buying and selling of goods and services in the world wide market.
Tarriffs - A tax placed on imports in order to increase their price and therefore discouraging demand.
Quatos - A trade barrier that places restrictions on the number of foriegn goods that can be sold with in a market in a given time.