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Which of the ways can the government influence supply?

User Melmo
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1 Answer

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7 votes

Answer:

The government's job is to control and promote foreign trade. This is done by establishing laws, rules, and regulations to restrict the movement of commodities into and out of the country, so ensuring the protection of their separate economies.

The following actions taken by governments have an impact on the local and worldwide supply of products, directly or indirectly:

1 ) Imposing taxes on imports and exports

2) Controlling the cross boarder movement of goods and services via customs authorities.

3 ) Developing good relationships among countries and states internationally.

4 ) Giving subsidies to local manufacturers in ode

Hope this helps! :)

User Jiali
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