The protectionism adds a new kind of tax on the imports called Tariff. With the Tariff, the price of imports is increased, and becomes more expensive than locally produced products. This will protect the domestic economy.
Hope this Helps! :)
Qgfgwwgwbw
We
Webbsnnssmsmww
S
We
we
Answer:
Public Goods - The Economic Lowdown Podcast Series
Explanation:
Is public transportation a public good? How about national defense? Knowing the characteristics of public goods will help you understand why private firms excel at producing private goods, but they have little incentive to produce public goods. Rather, if society wants public goods, government must produce them. This episode of The Economic Lowdown defines the characteristics of private and public goods and explains why these characteristics help determine who is best positioned to produce each.
[Hope's it's Help]
Oh hi guys we will see what happens next to
