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GCSE Geography · key term
Government action intended to protect domestic producers from foreign competition.
Used by Eduqas
Specification 6.2.1 · Component 2
Revise: International Trade and Uneven DevelopmentProtectionism aims to shelter domestic producers from foreign competition. Three important tools are tariffs, subsidies and quotas.
Evaluate protectionism from both sides: domestic producers may benefit while consumers and businesses using imported inputs face higher costs.
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