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cacerami cacerami
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Which of the following is an objective of protectionism?

▸ Reducing the purchasing power of individuals

▸ Protecting industries and workers through government policies

▸ Enhancing trade between nations

▸ Increasing foreign direct investment

▸ Helping developing nations engage in global trade
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Business in Action

Business in Action


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Akabbett1Akabbett1
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Protecting industries and workers through government policies

When a government believes that free trade is not in the best interests of its national security, domestic industries, workforce, or consumers, it can intervene in a number of ways. Some of these methods are collectively known as protectionism because they seek to protect a specific industry or groups of workers.
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