What Is Protectionism?
What Is Protectionism?
Protectionism is the deliberate use of government policy to restrict imports and shield domestic producers from foreign competition. It can raise the relative price of imports or directly limit the quantity entering the country.
Step-by-step lessons on CIE Intl A Level Economics 6.2.1 meaning of protectionism in the context of international trade. Each one builds up to exam-style questions.