Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

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.
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.