protektsionistlikke
Protektsionistlikke refers to an economic policy that aims to protect domestic industries from foreign competition. This is typically achieved through various trade barriers such as tariffs, quotas, subsidies, and non-tariff barriers. The core idea behind protectionism is to encourage the production and consumption of domestically produced goods and services, thereby fostering national economic growth and employment.
Proponents of protectionism argue that it can shield nascent industries from established foreign competitors, allowing them
Conversely, critics of protectionism argue that it leads to higher prices for consumers due to reduced competition