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The main disadvantage is that imports compete with local industries, thus often resulting in a decrease in profits for the local businesses. in severe cases, such as cheap textile imports from countries like china, the imports could completely out-compete the local industries and result in large scale job loses and company closures as the local businesses can no longer make a profit.
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What was placed on foreign imports to encourage the growth of domestic industry?
The place of foreign imports mid be USA or China but there many kinds of place in the world ,in imports domestic industry .......encourage to go ............many poor country ...........
What are the imports in industry to increase output and perhaps exports?
what are the imports in indusrty to increase output and perphaps exports
What are the disadvantages of cottage industry?
Disadvantages of cottage industry Low output Lack of standardization, no common spare parts High cost of product
Advantage and disadvantage of incentive in garment industry?
what are the advantages and disadvantages of incentive in garment industry ?
How did high tariffs on imported goods affect the southerns economy?
The tariffs protected Northern industry from cheap imports. The South had virtually no industry, and cheap imports suited them very well. So with a Northern majority in Congress, the tariffs looked like the North taxing the South. This pulled the two sides further apart.
What was the t ax hated by the south and needed to protect northern industry?
Tariffs on imports - having no industry, the South depended largely on imports.
How have imports affected the children's clothing industry?
The U.S. children's apparel industry began to lose significant market share to imports. This trend accelerated in the 1970s, and, by the 1990s, imports had reached all-time highs.
What was placed on foreign imports to encourage the growth of domestic industry?
The place of foreign imports mid be USA or China but there many kinds of place in the world ,in imports domestic industry .......encourage to go ............many poor country ...........
What are the imports in industry to increase output and perhaps exports?
what are the imports in indusrty to increase output and perphaps exports
Why does the north and south disagree over tariffs?
The North was trying to protect its manufacturing industry from cheap imports. The South had very little industry, and wanted cheap imports.
The north wanted to protect its industry?
Yes - with tariffs on imports. It was the South that mostly needed the imports, having no industry of its own. So it felt like the North taxing the South.
How have imports affected the saw blade and handsaw industry in the U.S.?
The saw industry itself faced increased competition from inexpensive imports throughout the late 1990s and early 2000s.
What are the advantages and disadvantages of exports and imports?
disadvantages - 1. You need Import, Export license for this. 2. You have to cleared shipment with customs,
What did the North want to protect its industry from?
Cheap imports - which the South needed, having almost no industry of its own.
What did the North want to protect its industry?
It wanted to protect its industry by levying tariffs (taxes) on cheap imports. The South had very little industry, and needed cheap imports. So the tariffs looked like a tax by the North on the South.
How did Congress protect the New England textile industry?
Congress imposed tariffs (taxes on imports or exports) to protect the New England textile industry.
What are the main imports in Monaco?
They import everything. There is virtually no industry in Monaco.
