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In terms of mercantilism, what is protectionism?

Sagot :

TheJoker
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.
Protectionism is the belief of a country protecting domestic industries from foreign competition resulting in taxation of imports.
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