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Promoting Free Trade

Loss Due to Tariffs

Loss Due to Tariffs

There are a number of reasons why governments place tariffs or other barriers to free trade, but they necessarily reduce overall societal welfare. Governments can promote free trade and impact economic growth.

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    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "EffectOfTariff."
    http://en.wikipedia.org/wiki/File:EffectOfTariff.svg Wikipedia CC BY.

Related Terms

  • tariff
  • comparative advantage
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