Economy, asked by VidyaSagar4525, 3 months ago

argue how free trade rather than protectionism can favour countries

Answers

Answered by sadrekhan2001
7

. In contrast, protectionism can result in destructive trade wars that increase costs and uncertainty as each side attempts to protect its own economy.

Explanation:

Free trade is good for consumers. It reduces prices by eliminating tariffs and increasing competition. ... In principle, this will make goods and services cheaper. In contrast, protectionism can result in destructive trade wars that increase costs and uncertainty as each side attempts to protect its own economy.

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