94.6k views
5 votes
Is protectionism good for trade?

1 Answer

4 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 Brushtakopo
by
9.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories