What's the difference between economic protectionism and economic interventionism?

Social Studies

1 answer:

Lana71 [14]3 years ago

3 0

Answer:

all in the explanation

Explanation:

An economic intervention is an action taken by a government or international institution in a market economy in an effort to impact the economy beyond the basic regulation of fraud, enforcement of contracts, and provision of public goods and services.

and

Protectionism, policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions or handicaps placed on the imports of foreign competitors.

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