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What is Protectionism? | Tariffs, Quotas & Subsidies
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What is protectionism and why does it matter?
Protectionism is an economic policy where a government restricts or regulates international trade to protect its domestic industries and workforce. The main goal of protectionism is to shield local companies from foreign competition, which helps preserve jobs and promote economic growth within the country.
In this video, we’ll explore what protectionism is and the trade barriers a country puts in place to pursue protectionist policies.
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#businesseducation #protectionism #Businessstudies
Protectionism is an economic policy where a government restricts or regulates international trade to protect its domestic industries and workforce. The main goal of protectionism is to shield local companies from foreign competition, which helps preserve jobs and promote economic growth within the country.
In this video, we’ll explore what protectionism is and the trade barriers a country puts in place to pursue protectionist policies.
►Become a FREE SUBSCRIBER to TWO TEACHERS now:
►A free supporting activity worksheet is available to download on the following link:
►Check out our website for lots of educational business resources
#businesseducation #protectionism #Businessstudies
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