answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is meant by protectionism and the reasons why government use protectionist policies?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What was the outcome of laissez-faire economic policies?

Laissez-faire economic policies helped fuel the industrial revolution. Later these policies were changed for social reasons. Most of today's prosperous nations have a free market economy with government supervision.


What was an outcome of the laissez-faire economic policies?

Laissez-faire economic policies helped fuel the industrial revolution. Later these policies were changed for social reasons. Most of today's prosperous nations have a free market economy with government supervision.


What are the reasons of using customer service policy?

reasons for using customer service policies


How do explain the necessity of political parties Just two reasons?

The necessity of political parties include; 1. They bring various representatives together so that a responsible government could be formed. 2. They support or restrain the government in the formulation of policies.


Which documents address colonial concerns about English policies?

the Declaration of Independence the declaration of independence was written by the colonist to outline the reasons why they were unhappy with English policies


What are 5 reasons the ming dynasty fell to civil disorder?

The Ming Dynasty ended due to Mongolian wars, Japanese raids, factions in the government, excessive taxes, bad economic policies.


Explain how Britain's colonial policies contributed to the growth of self-government in the colonies?

There are many reasons overall, but the most prevalent ways that self-government grew in the colonies was the desire to be free of the near-tyrannical control the British ruling class imposed on the commerce of the day


What reasons did the Japanese have for their expansionist policies 1930-1942?

Oil and raw materials.


Explain the reasons for nazi policies towards women?

errrm u tell meeh.


Was preparing for war the main reason for Hitler's economic policies?

only slightly. preparing for the war was just one of many reasons for Hitler's economic policies.


What reasons are behind African resistance to colonial educational policies?

In the colonies of the United States there was no education for slaves. It was against the law to teach them to read and there was no resistance to these policies.


What is a infant industry argument?

An infant industry argument is an argument that one person cannot win a competition. Depending to survive, they depend on the government's protectionism and largesse. At a time that is given, with inefficient industries gives low quality goods and a high price. The infant industry argument is criticized for these reasons. The government need a long time to figure out which argument will have growth potential. Because of the market will be smaller, the protectionism could hurt specific infant industry arguments. The justification for protection will disappear in a period of time. It may need protection to build to the point, which can be successfully competed. Small new firms are protected warranty especially in less developed countries.