In terms of mercantilism, what is protectionism?

2 answers:

6 0

Protectionism is the belief of a country protecting domestic industries from foreign competition resulting in taxation of imports.

mafiozo [28]3 years ago

3 0

Protectionism is the economic policy of restraining trade between states (countries) through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and services produced domestically.

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