In what forms the protection from …

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Meghna Thapar 5 years ago
Protectionism, policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions or handicaps placed on the imports of foreign competitors. Tariffs refers to a tax on imports. Subsidies – If a government subsidizes domestic production this gives them an unfair advantage over competitors. Administrative barriers – Making it more difficult to trade, e.g. imposing minimum environmental standards.
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