The effect of globalization and open economy during the decade had enormous ramification on trade between markets of the countries. To put in simple words access to markets was so genuine that ushered close relationship between the economies of the country.
By late Mr. Trump has been threatening economies of the world by what is called as tariffs in accounting language which is nothing but restricting the access to its markets in unprecedented manner. And there is something interesting link in Indian context wherein Muslims were restricted of their access to temporary markets in Prayagraj.
Yes! You have read the writing on the wall in the right context. It is nothing but gaining a traction on access to markets which the powerful believe in for arm twisting the perceived threats.
Markets are arenas in which buyers and sellers can gather and interact. A high number of active buyers and sellers characterizes a market in a state of perfect competition. The market establishes the prices for goods and other services. These rates are determined by supply and demand. The sellers create supply, while buyers generate demand. Markets try to find some balance in price when supply and demand are in balance.
Market access is a deep topic and requires a good amount of time to research various dimensions involving the same. Market access refers to the ability of a company or country to sell goods and services across borders. Market access can be used to refer to domestic trade as well as international trade, although the latter is the most common context. Market access is not the same as free trade.
We have discussed about many rights mentioned in Constitution but it is time for our lawmakers to arrive at a template which guarantees its citizens right to access the markets which have become breeding ground fomenting the activities of separatism within the country.
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