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Samir Petty
History
25 December, 05:31
Explain each side view of protective tariffs
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Lance Bird
25 December, 05:44
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For a country, protective tariffs are beneficial because it facilitates local industries and domestic enterprises to grow against foreign markets and so more currency remains in the domestic circulation. On the other side, protective tariffs harm the free market by increasing the cost of international goods through lack of competition.
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