Free Trade vs. Protectionism
By Professor Dave ExplainsFrom boclips.com
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More trade tends to lead to more prosperity for a society. So everyone should favor completely free international trade, right? Well not exactly. Some economists promote protectionism, which restricts trade with other countries to protect domestic production from competition. Why would this be advantageous? What are the pros and cons of these two approaches to trade? Let's get a closer look!
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Explainer
Economics
Advanced Secondary
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