Economy, asked by noyagingque, 5 months ago

free trade vs protectinism?

Answers

Answered by bakyashree06

6

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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