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Trade protectionism is used by countries when they think their industries are being damaged by unfair competition by other countries. It is a defensive measure, and it is usually politically motivated. It can often work, in the short run. However, in the long run it usually does the opposite of its intentions
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∙ 11y ago
Trade protectionism involves the use of measures like tariffs, quotas, and subsidies to protect domestic industries from foreign competition. These measures are intended to limit imports and boost domestic production by making foreign goods more expensive or less competitive. However, trade protectionism can also lead to trade wars, higher prices for consumers, and reduced economic efficiency.
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What is the government's standpoint on trade and protectionism?
government's standpoint on trade and protectionism is that he allows free trade
What is S.A government standpoint on trade and protectionism?
government's standpoint on trade and protectionism is that he allows free trade
What is the SA government standpoint on trade and protectionism?
government's standpoint on trade and protectionism is that he allows free trade
The existence of barriers to free-flowing trade?
Protectionism
The use of trade to protect a nation's industries from foreign competition is called?
protectionism........
What is the use of government regulations to limit the import of goods and services?
Trade protectionism
What has the author Hsiang-Jung Chiu written?
Hsiang-Jung Chiu has written: 'The protectionism of the U.S. economy' -- subject(s): Commercial policy, Free trade, Protectionism
How does mercantillism work?
Mercantilism works by generating wealth through profitable trading. Trade is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.
How does trade work?
Trade protectionism is used by countries when they think their industries are being damaged by unfair competition by other countries. It is a defensive measure, and it is usually politically motivated. It can often work, in the short run. However, in the long run it usually does the opposite of its intentions
What is the difference between Free trade and protectionism?
Free trade is when a country specializes in one or two areas of goods or service and allows a trade with other country or countries that specializes in different area while protectionism is when a country decides to restrict to its domestic production and stop trading with other countries.
What does protectionism put on foreign trade to protect local business?
The term is tariff- a charge on imported goods.
What has the author Jonathan L Tucker written?
Jonathan L. Tucker has written: 'Free trade, protectionism and investment'
