An agent who brings two parties together, enabling them to enter into a contract to which the broker is not a principal.
An economic policy where governments do not restrict imports or exports through tariffs, quotas, or subsidies, allowing unrestricted flow of goods between countries.
Import duty is a type of tax levied by a government on goods brought into the country from abroad. It is aimed at regulating international trade, protecting domestic industries, and generating revenue for the government.
The Infant Industry Argument is an economic rationale for implementing trade protection measures to allow emerging domestic industries to establish and grow without the pressures of international competition.
A tariff is a federal tax imposed on imports or exports, which can either be designed to raise revenue or protect domestic industries. Additionally, tariffs can refer to a schedule of rates or charges for freight.
