4.1.4 Protectionism Flashcards
1
Q
define protectionism
A
Where a government protects domestic businesses and jobs from foreign competition
2
Q
define tariff
A
a tax which has to be paid when certain products are imported into a country - It will help a country protect their fledgling (new) domestic industries and inefficient industries from foreign competition.
3
Q
benefits of tariffs
A
