Business Studies

Identify the limitation(s) of importing/ exporting form of international business.


ANSWER

All of the above


SOLUTION
 Disadvantages 
  • Economic dependence: Too much dependence on imports may undermine the economy of a country.
  • Restricted growth of home industries: Foreign trade may discourage the growth of domestic industries.
  • Misuse of natural resources.
  • Political exploitation.
  • Import of harmful goods.
  • Rivalry among nations.
  • Invasion of culture.
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