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A Summary of Business Management TopicsTrade policies have a significant impact on the way business conduct their operation. In most cases, the policies are imposed by the country's government of the day to regulate both the local and international business activities in the country. Some of the strategies applied include the tariffs, quotas and subsidies, which in one way or another, control the domestic market. A state can also impose trade policies to protect its infant countries. In this case, the infant countries are favored by the policies, whereas the different industries are discouraged. States usually exercise protection of the local infant countries, although free trade is considered the best based on the trade theories. The trade policies may help a county to achieve social poli...
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