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12 November, 05:00

In terms of mercantilism, what is protectionism?

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  1. 12 November, 05:05
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    Protectionism is the belief of a country protecting domestic industries from foreign competition resulting in taxation of imports.
  2. 12 November, 05:19
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    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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