what do you mean by "protected market"
Answers
Answer:
protected market is defined as one shielded from competition. ... Market protections may be natural or man-made, private or public, and welfare enhancing or depleting. Some markets are naturally protected from competition by high costs of transportation because of distance, bulk, or terrain.
Answer:
A protected market is characterized as one safeguarded from the competition.
Explanation:
A protected market is characterized as one safeguarded from the competition. Protected Market implies any market for an uninterruptible power supply inside the interstate transportation, traffic and canny traffic frameworks industry, including all markets presently served by Customer and the auxiliaries of Customer's parent organization as of the date about, including railroad convergences and air terminal ground traffic light.
A few markets are normally protected from competition by significant expenses of transportation in view of distance, mass, or landscape.
Normally protected markets are the exemption; protected markets all the more regularly rise up out of intentional activity by firms, associations, and governments. Firms participate in exclusionary, ruthless, and cost fixing conduct to make or take advantage of protected markets. Most countries have antitrust regulations to keep away from or balance such activity of market power.
Some market protections are advocated and raise genuine public pay. Firms that protect their market by being a first-mover or by developing quicker than contenders serve buyers and raise public pay. Market protection is helpful in providing public products.