In terms of mercantilism, what is protectionism?

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20-11-2014
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In terms of mercantilism, what is protectionism?

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TheJoker TheJoker · Answer 1 · 2014-11-20T13:54:38-05:00

TheJoker TheJoker

20-11-2014

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.

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shells69 shells69 · Answer 2 · 2014-11-20T13:56:21-05:00

shells69 shells69

20-11-2014

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

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