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Is protectionism good for trade?
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7 votes
7 votes
Is protectionism good for trade?

User MadSeb
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1 Answer

9 votes
9 votes

Answer:

Step-by-step explanation:

Companies without competition decline in quality: In the long term, trade protectionism weakens industry. Without competition, companies do not need to innovate. Eventually, the domestic product will decline in quality and be more expensive than that produced by foreign competitors.

User Mohit Tilwani
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