Protectionism
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.
The term is tariff- a charge on imported goods.
Protectionism is a great idea if you are a politician and you want votes now. Protectionism means that an industry is being paid by the government to keep making a profit on goods that are being made at too high a price. In other words the business can't compete. So rather then forcing the business to close down naturally importers are charged for importing goods, this pushes up the price of the goods the extra money that is taken in by the government is then given to the inefficient local manufacturer so that he can make a product at a loss and still make money. Protectionism is bad because it protects inefficient businesses. So it is important that the U.S. practice free trade only with countries that also practice free trade.
government's standpoint on trade and protectionism is that he allows free trade
government's standpoint on trade and protectionism is that he allows free trade
government's standpoint on trade and protectionism is that he allows free trade
Protectionism
protectionism........
Trade protectionism
Hsiang-Jung Chiu has written: 'The protectionism of the U.S. economy' -- subject(s): Commercial policy, Free trade, Protectionism
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.
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.
The term is tariff- a charge on imported goods.
Jonathan L. Tucker has written: 'Free trade, protectionism and investment'
Thomas H. Dudley has written: 'Farmers and the tariff' -- subject(s): Accessible book, Tariff, Protectionism 'Which is best for the farmers, protection or free trade?' -- subject(s): Accessible book, Protectionism 'The farmer feedeth all' -- subject(s): Accessible book, Tariff, Protectionism