What is Protectionism? | Tariffs, Quotas & Subsidies
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What is Protectionism? | Tariffs, Quotas & Subsidies
What is protectionism and why does it matter? Protectionism is an economic policy where a government restricts or regulates international trade to protect its domestic industries and workforce. The main goal of protectionism is to shield local companies from foreign competition, which helps preserve jobs and promote economic growth within the ...
5.4K viewsNov 11, 2024
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