What were the Phoenicians most famously known for

They are famed for their commercial and maritime prowess and are recognised as having established harbours, trading posts and settlements throughout the Mediterranean basin

Explanation:

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.

mali had been a state inside of the ghanaian empire. after ghana fell because of invading forces and internal disputes, mali rose to greatness under the leadership of a legendary king named sundiata, the "lion king." the songhai empire, already weakened by internal political struggles, went into decline.