What is the difference between a boycott and a trade embargo?

The difference between a boycott and a trade embargo is an important concept to understand when discussing international trade law in California. A boycott is an economic tool used by an individual, group, or country to express their discontent with another by refusing to engage in economic transactions with them. This usually involves refusing to buy products or services from a particular location or company, or refusing to use the currency of a particular country. A trade embargo, on the other hand, is international policy put in place by a government to restrict economic transactions with a particular country. This is typically done as a way to punish a nation for perceived transgressions. Trade embargoes are much more extensive in their scope than boycotts as they involve restricting all trade or most types of trade with a particular country. In addition, embargoes are legally enforceable and are typically backed by considerable political and diplomatic power. While boycotts rely on the individual to voluntarily not purchase a product or service, an embargo is generally enforced via trade restrictions or tariffs that are put in place. In summary, the main difference between a boycott and a trade embargo is that a boycott is an economic tool used by individuals or groups to express their discontent or disfavor with a particular nation or entity, while a trade embargo is an international policy put in place by a government to restrict economic transactions between two countries.

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What is the difference between a boycott and a trade embargo?

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