An economic policy that a government implements to shield its domestic industries from foreign competition.
Question
Solution 1
The economic policy that a government implements to shield its domestic industries from foreign competition is known as Protectionism. Here are the steps explaining how it works:
- Tariffs: The government imposes taxes on imported goods. This makes foreign products more expensive, thereby discoura Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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