Best Best Reviews

Review:

Protectionism

overall review score: 2.5
score is between 0 and 5
Protectionism is an economic policy that restricts trade between countries through methods such as tariffs, quotas, and subsidies in order to protect domestic industries from foreign competition.

Key Features

  • tariffs
  • quotas
  • subsidies
  • protection of domestic industries

Pros

  • May protect domestic industries from unfair competition
  • Can help preserve jobs in certain sectors

Cons

  • Can lead to higher prices for consumers
  • May result in retaliatory measures from other countries

External Links

Related Items

Last updated: Mon, Jan 6, 2025, 01:09:13 PM UTC