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Protectionist Policy

Protectionism is an economic policy of restricting imports from other countries through methods such as raising tariffs on imported goods. Import quotas and other government regulations.

This protectionist policy is implemented by many countries, although almost all economists understand that the global economy generally Benefits of free trade.

In other words, this protectionist policy is the government's action or policy on international trade in order to support products or services. Domestically, for example, restricting or restricting imports, imposing tariffs on imported products, setting quotas, measures Subsidy administrations etc. They raise import prices, making them more expensive than domestic products.

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