What would happen if Government of India puts heavy tax on import of Chinese toys?

CBSE Class 10 CBSE Class 10 Social Science
, ,
1

What would happen if Government of India puts heavy tax on import of Chinese toys? Explain any three points.

2

IF the Government of India puts heavy tax on imports of Chinese toys, the result will be:

  • The cost of Chinese toys will increase.
  • Less Chinese toys would come in the Indian market.
  • The Indian buyers would have lesser choice in the market.
  • Toys will become more expensive.
  • It will give an opportunity to Indian toy makers to expand their business.
  • There will be less competition therefore, prices will increase.