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What are two government actions that protect its domestic industries and describe the effects these actions have on domestic consumers?
Wiki User
∙ 9y ago
The government takes several actions to protect its domestic industries. It includes the encouragement of growth and trade within the country to make an increased turn over and return of investment accordingly.
Kennedy D'Amore
Wiki User
∙ 10y agoA common way that governments encourage people to patronize businesses within their jurisdiction is to charge tariffs on imported goods.
Some governments also offer subsidies and tax incentives to companies within their jurisdiction, or they might artificially create favorable market conditions for a company or industry.
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Identify what actions a government can take to protect its domestic industries?
The government takes several actions to protect its domestic industries. It includes the encouragement of growth and trade within the country to make an increased turn over and return of investment accordingly.
What was Domestic mobilization for World War 2?
Mobilization means that to organiz or adapt (industries,transporation) for service to the government in time of war.
Why do tariffs result in benefits for domestic producers but costs for domestic consumers?
They just do
The economic policy advocating government protection of domestic agriculture and industries from foreign competition by institution of tariffs quotas or other restrictions on foreign imports is called?
protectionism
Why do governments provide protection for their domestic industries?
To improve the economic.
How does the government handle domestic policy?
how do the government handle domestic policy now
What best describes a challenge that domestic industries face with trade agreements and globalization?
They must compete with international industries
Why there is the problem of load shedding in INDIA?
It is simply a 'demand and supply' situation. There are more consumers than the electrical companies can cater to. There are fewer power stations than the power required for industries and domestic consumption. Hence load shedding.
In order to promote domestic industries in the 1930s countries?
devalued their currencies
What did countries do in the 1930's to promote domestic industries?
devalued their currencies
Describe the driving business forces in both the foreign and domestic environment?
Describe the driving business forces in both the foreign and domestic environment
If developing countries have weak domestic industries they do not benefit from what?
Free-trade policies
