Question

Protectionism is used for what reasons?

Answer 1

Step-by-step explanation: Protectionism is used for different reasons, the most important is that with this type of activity, the national industry is protected, when it is threatened by foreign industries who can offer cheaper products than the one produced within the country. This is done by putting a limit on the income of these products through national commerce. Other reasons, and no less important, is that this leads to the development of relatively new industries and the promotion of new employment opportunities and consequently to the collection of higher incomes. In conclusion, it is an activity that greatly favors the interests of a national economy overseas.

Answer 2

Economists that advocated free trade believed trade was the reason why certain. All developed countries have used protectionism due to an interest in raising.
One tried and true method of trade protectionism is the tariff. A tariff is a special type of tax that is imposed on imports. Tariffs increase the price of imports, which helps protect domestic industries because the imports become more expensive than locally produced products.