Noun1.protectionist- an advocate of protectionism advocate,advocator,exponent,proponent- a person who pleads for a cause or propounds an idea Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. ...
Effects of Protectionism Lesson Summary Register to view this lesson Are you a student or a teacher? Business 100: Intro to Business 26chapters |137lessons|12flashcard sets Ch 1.The Dynamic Business Environment How the Economic and Legal Environment Affects Business5:45 ...
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson protectionism a deliberate policy on the part of governments to erect trade barriers such as TARIFFS and QUOTAS in order to protect domestic industries from foreign...
Quota, in the world of business and economics, has two meanings: 1. A restriction that the government imposes on imports. In other words, an import limit. With this meaning, it is a form of protectionism. 2. A proportionate part or share, such as a sales quota, i.e. the target that...
The theory of comparative advantage helps to explain whyprotectionismis often counterproductive. While a country can use tariffs and other trade barriers to benefit specific industries or interest groups, these policies also prevent their consumers from enjoying the benefits of cheaper goods from abroad....
The theory of comparative advantage helps to explain whyprotectionismhas been traditionally unsuccessful. If a country removes itself from an international trade agreement, or if a government imposes tariffs, it may produce an immediate local benefit in the form of new jobs; however, this is rarely...
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Define probusiness. probusiness synonyms, probusiness pronunciation, probusiness translation, English dictionary definition of probusiness. adj in favour of or supporting the practices of business Collins English Dictionary – Complete and Unabridged, 12
In the final analysis, the goal of business is to realize a higher profit, while the goal of government is to protect its people. Neither unrestricted free trade nor total protectionism will accomplish both. A mixture of the two, as implemented by multinational free trade agreements, has evolve...