BUSINESS ECONOMICSASSSIGNMENT-4Q1) What are the advantages and disadvantages of free trade?A1) Advantages- The idea that everyone benefits when countries convert and unashamedly deliver what they do overall competently. Ultimately, everyone should invest a lot of time in what they have practical experience in and governments should take only a negligible share in this methodology. higher costs for buyers. Obstacle responsibilities are passed on to customers, of course, customers are asked to purchase more exorbitant neighborhood generated products. Competition: the possibility that the adversary gains less value, advantages in terms of manipulation and progression. Functionalism: discord that interests at once, (for example, commerce) pushes coordinated efforts into distinct proportions. In principle, the question of pills, movement problems, etc. is resolved. are all processed every fortnight. Interdependence: The possibility that unfettered trade will cause interconnections that cause too much conflict. Disadvantages - Dangers to local industries/jobs: Most mainstream economists need to eliminate these risks since, according to them, organized trade also generates business and development. Apart from worker rallies, private organizations are also using this conflict to promote protectionism. fought over their need to secure "baby organizations" so they could get them off the ground from the middle of paper. ...the logics are incapable with adjusted exchange rates. REFERENCES: Bally, Alan, S. (1963) Econometric Policy Evaluation: A Critique, Journal of Business Economics, 863-88Maxer, Tissot (1876) Nash Equilibrium and its concepts, Columbia Press: Columbia, 210-45Ferguson, S (1999) Keynesian theory and its implications, College . of Management and Economics, University of Canada, 298-312Simon, BS, (2013) Keynesian Theory of Economics, University of Cambridge, London, 196-79Pigou's. Castle (1984) The Main Policies Prevailing in the Economy, Advanced MacroEconomics,9, 342-68Parsell, G (1997) Game Theory & Nash Equilibrium, Journal of Economics, 298-79King, Robert G. "Keynesian Macroeconomics and the Side Effect of demand” Journal of Economic Perspectives, no. 1, 57-92.McCallum, T. (1989) Macroeconomic theory and policy, monetary economics, 127-56