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Yes, the Thai government employs various measures to protect local producers from foreign competition. These include tariffs on imported goods, import quotas, and subsidies for domestic industries. Additionally, the government enforces regulations and standards that can create barriers for foreign products, thereby supporting local businesses. However, these protections can sometimes lead to tensions in trade relationships with other countries.
What else can I help you with?
What is the purpose of government subsidy?
To protect domestic producers against international competition
Why does the government need to regulate the free market to protect competition?
Producers driven by the profit motive seek to reduce their competition.
What best states the purpose if a government subsidy?
To protect domestic producers against international competition.
What is the purpose of Subsidies?
To protect domestic producers against international competition
What is the purpose of protectionist trade policies such as tariffs and subsidies?
They allow producers to sell their products more cheaply than foreign competitors... apex
Why might a government set a quota on foreign goods?
A government might set a quota on foreign goods to protect domestic industries from foreign competition, ensuring that local businesses can thrive and maintain jobs. Quotas can also help stabilize the domestic market by preventing an oversupply of foreign products, which could lead to price drops and negatively impact local producers. Additionally, implementing quotas can be a strategic move to promote national security by reducing reliance on foreign goods.
Why did the German government protect its business from foreign competition?
For the same reasons all governments do so. To safeguard and enhance its own economic stability.
The tariffs would raise money for the government and protect American industries from foreign competition. Who opposed the tariffs and why ?
The south because they had little industry .
What can help to protect America from foreign competition?
The power to tax.
The purpose of a protective tariff is to?
protect home industries from foreign competition
The use of trade to protect a nation's industries from foreign competition is called?
protectionism........
What is the purpose of a purpose of a protective tariff?
protect home industries from foreign competition
