Discuss the impact of at least 2 instruments of government intervention relevant to the overseas ope
Discuss the impact of at least 2 instruments of government intervention relevant to the overseas operation of AfterPay Touch.
(The 6 Types of Government Intervention)
1. Protectionism – National economic policies that restrict free trade. Usually intended to raise revenue or protect domestic industries from foreign competition.
2. Customs – The checkpoint at national ports of entry where officials inspect imported goods and levy tariffs.
3. Tariff – A tax on imports (e.g., autos, textiles)
4. Non-Tariff Trade Barrier – Government policy, regulation, or procedure that impedes trade
5. Quota – Quantitative restriction on imports of a specific product
6. Investment Barriers – Rules or laws that hinder foreign direct investment