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Protectionism - Coggle Diagram
Protectionism
Quotas
Is a government- imposed trade restrinction that limits the number or monetary value of goods that a country can import or export during a particular period.
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the Organization of Petroleum Exporting Countries sets a production quota for crude oil in order to "maintain" the price of crude oil in world markets..
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Tariffs
Is a tax imposed by a government on goods and services imported from other countries that serve to increase the price and make imports less desirable, or at least less competitive, versus domestic goods and services.
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Subsidies
Is a benefit given to an individual bussiness or institution, usually by the government. It is usually in the form of a cash payment or a tax.
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Embargo
An embargo is a government order that restricts commerce or exchange with a specified country,
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