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PROTECTIONISM - Coggle Diagram
PROTECTIONISM
Tariffs
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Example:
The government rising the tariffs for imported clothes, to support local cloth producers.
Subsidies
Definition:
The amount of money the government gives to a local business when they are suffering because of a foreign competition that has lowered their prices.
Example:
The government gives money to a food producer, in order to make up for the losses he had
Quotas
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Example
The government of a country that doesn't let you import more than 5,000 cellphones per year.
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