Question

Differences between free trade vs protectionism assignment

Answer 1

hey mate...

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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Answer 2

Answer:

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.