It is generally claimed that state trading, or centrally controlled trading will tend to reach a...
It is generally claimed that state trading, or centrally controlled
trading will tend to reach a lower economic welfare than would be
reached by allowing market forces to determine trade flow
directions and terms of trade. Illustrate a counter-example to this
proposition.
Homework Answers
Ans. The counter proposition can be : State trading or centrally controlled trading ensures that benefit is reached to the poorest of the poor , whereas in market trading , poor consumers are often exploited because of increasing capitalist powers.
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It is generally claimed that state trading, or centrally controlled
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